• Title/Summary/Keyword: Economic Evaluation

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Development of Economic Evaluation of Indoor Lighting System (실내 조명시스템의 경제성 평가법 개발)

  • Cho, Sook-Hyun;Lee, Min-Wook;Choi, Hyeon-Seok;Kim, Hoon
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.26 no.1
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    • pp.8-14
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    • 2012
  • An economic evaluation is required to reduce the cost of energy and lighting in the design of interior lighting. WEELS2011 is developed as a method of economic evaluation for LED lighting systems. Economic evaluation for fluorescent and LED lightings and after applying rebate to LED system is conducted using WEELS2011. The utilization and analysis of WEELS2011 are suggested for the reduction of energy and lighting cost.

Demand Estimation for Manpower to Conduct Economic Evaluation on Pharmaceuticals with the Introduction of Positive List System in Korea (선별등재 도입에 따른 의약품 경제성평가 수행 인력의 수요 추계)

  • Lim, Jae-Young;Lee, Eui-Kyung
    • YAKHAK HOEJI
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    • v.51 no.2
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    • pp.126-132
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    • 2007
  • Demand for manpower of conducting pharmaco-economic evaluation was investigated. The priority order of conducting economic evaluation on the already listed drugs was set by the budget impact for health insurance by the therapeutic groups. Manpower demand was estimated by the Anatomical, Therapeutical, Chemical (ATC) code. The total number of economic evaluation on the already listed drugs is estimated to be 346 cases. Based on these numbers, at least 53${\sim}$102 of full-time-equivalent (FTE) manpower is needed for conducting economic evaluation per year in the following 5 years.

A Comparative Analysis of Evaluation Methodologies for Railway Investments of China and Korea

  • Sun Sunduck D.
    • Proceedings of the KOR-KST Conference
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    • 1998.09a
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    • pp.65-70
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    • 1998
  • Economic evaluation methodologies for railway investments of China and Korea are comparatively analyzed. Chinese procedures specified in the new economic evaluation manual of 1997 were compared with those of Korea based on the economic evaluation manual of 1982. As expected those procedures reflect general economic requirements of the respective countries. Several differences in the specification are also noted. Details of the specification of Chinese procedure far exceed Korean specification, while Korean manual is rich of explanation on the fundamental theory. Differences in the procedure of calculating benefits of investments are most conspicuous, and specific requirements of carrying out a optimum opening year analysis in Korean procedure is notable. Despite of these differences in the procedure, two methodologies share same objective of ensuring selection of economically and financially sound railway projects. Both procedures of China and Korea, however, limit their evaluation scope on railways alone. Therefore, they are needed to expand scope of evaluation to encompass the idea of multi-modal or inter-modal evaluation, which will eventually contribute to build truly efficient national comprehensive transportation system.

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An Efficient Economic Evaluation Method for Remodeling Project (리모델링 프로젝트의 효율적 경제성 평가방안)

  • Kim Kyoung-Joong;Woo Kyoung-Sub;Park Chan-Sik
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.261-266
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    • 2001
  • Recently, remodeling has been introduced in the domestic construction industry as an alternative new construction. Its economic evaluation is the essential part of remodeling business. Therefore, this study has the purpose of presenting the method that is able to evaluate the actual value in the market. And this method can compare before & after value of remodeling in feasibility study. For this, this study reviews economic evaluation methods in construction and real estate fields and analysis their problem and merits & faults. With those facts, this study makes a mixed economic evaluation method that can be used in construction and real estate fields.

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Guidelines for Economic Evaluation of Pharmaceuticals in Korea (의약품 경제성평가 지침의 주요 내용)

  • Bae, Eun-Young
    • Journal of Preventive Medicine and Public Health
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    • v.41 no.2
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    • pp.80-83
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    • 2008
  • An economic evaluation is required in order to apply to the Health Insurance Review and Assessment Service (HIRA) for a listing in the national drug formulary. To assist companies in preparing the necessary documents, HIRA published guidelines for the economic evaluation of pharmaceuticals in 2006. The guidelines are composed of two parts: guidance and explanatory notes. Each guideline reflects the best practice which meets both the theoretical consensus within the academic community and local situations, like data availability. To enhance the transparency of evaluation, guidelines emphasize the reproducibility of data and analysis result. That is, all evaluation processes are required to be described in enough detail to be replicated by reviewers. With growing experience and theoretical development in this area, HIRA guidelines will be revised periodically.

Review of Economic Evaluation Studies for Drug Reimbursement Decision (의약품 보험급여 결정을 위한 경제성평가 연구의 평가)

  • Choi Sang-Eun;Sullivan Sean D.
    • Health Policy and Management
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    • v.15 no.4
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    • pp.1-25
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    • 2005
  • Legislation on pharmaceutical reimbursement decision using economic evaluation results was made in Korea in fm, but has yet to be fully implemented. We evaluated the quality of Korean economic evaluation studies of pharmaceuticals to understand gaps between legislation and implementation. From this evaluation, we propose policy options that might strengthen the research Infrastructure In order to support such studies. We reviewed 23 published studies for drugs conducted between 1996 and 2004. Evaluation criteria included methodological characteristics, healthcare system characteristics, population characteristics, and applicability of results. Large variation in study quality was observed, particularly with study design, outcome data, treatment patterns and interpretation. Korean clinical data used was mostly from observational studies of 1-2 hospitals. Foreign data was extracted from clinical trials that did not Include Asian population and their selection criterion was not clarified. With respect to treatment patterns, medical records and hospital bills were used without adjustment regarding area, hospital type, and others. And next frequent situation relied on expert opinion from academic physicians in specialty practice. preference measures, when used, were not elicited from the Korean population. $78.3\%$ of studies did not clarify the funding source. If the Korean economic evaluation policy is to provide meaningful data for decision makers, the quality of cost-effectiveness studies will need to improve dramatically. This may involve access to or creation of better data, more diverse funding, unproved training of researchers and evaluators, and partnerships with technology manufacturers.

Evaluation of Economic Potential and Level of Concentration of the Regions of Kazakhstan

  • Nurlanova, Nailya K.;Kireyeva, Anel A.;Ruzanov, Rashid M.
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.2
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    • pp.37-44
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    • 2017
  • This research is devoted to the development of methods general and standard methodological approaches and approbation those for the evaluation of economic potential and level of concentration of the regions of Kazakhstan. This paper presents the results of development of the authors on the selection and justification of the methodological approaches for quantitative evaluation of the economic potential (the degree of territorial differentiation of the profile) and concentration of regions. In this study, we used scientific methods: method of analysis the main trends of economic development, and method of evaluation of concentration of the region. Based on the analysis of foreign techniques developed and tested methodical approaches to the assessment of the economic potential (index and coefficient methods). Proposed methodological approaches to the assessment profile of the territory and developed a system of indicators, which includes an aggregated index of spatial concentration, which accurately reflects the concentration of production in the region. This study shows the results of the analysis of the potential regional disparities and trends of economic development of Kazakhstan. By using, the proposed methodology shows the possibility of their use; we calculated the indicators of integrated assessment of the economic potential and indicators of spatial concentration.

Development on Benefit Indicators of Economic Evaluation of Agricultural Irrigation and Drainage Project -A Case Study between Korea and Japan- (한국 농업 관개배수사업의 경제성 평가를 위한 지표 개발 -한국과 일본의 사례를 중심으로-)

  • Baek, Seung-Woo;Jeong, Ahn-Seong
    • Korean Journal of Organic Agriculture
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    • v.21 no.4
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    • pp.501-522
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    • 2013
  • This study has performed comparative analysis on benefit indicators in agricultural irrigation and drainage project cases between Korea and Japan. The irrigation and drainage project with publicity should do economic analysis of direct benefit factors as well as indirect benefit factors. However, traditional economic evaluations are used that benefit factors are lack of consistency and focused on direct benefits. Therefore, the purpose of this study was to develop indicators for the economic evaluation of irrigation and drainage projects. We conducted a case study between Korea and Japan. The resulting benefit factors was divided into direct factors and indirect factors. The direct benefit factors were increase in income, cost savings. The indirect benefit factors were protection of property due to flooding, agricultural promotion, aesthetic improvement. The implications of this study are that the indicators of economic analysis can be evaluated and easily applied. Moreover, these indicators could promote the feasibility of economic analysis.

A study on Evaluation Method of Economic Element in Building Remodeling (건물 리모델링 경제성 평가 요소 도출에 관한 연구)

  • 차준석
    • Journal of the Korean housing association
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    • v.13 no.6
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    • pp.49-56
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    • 2002
  • Recently, building remodeling has been of more importance than ever, and it has become necessary to consider the economic efficiency in building remodeling. This study is intended to investigate the various aspects of remodeling and their comparative importance, based on the responses by building owners and remodeling constructors, and eventually the development of evaluation method of economic efficiency in building remodeling. The survey of office building constructors and building owners shows that. the need of remodeling is commonly stressed but their concerns differ. The proposed evaluation method may be useful to resolve the difference of economic concerns between demand and supply parts of remodeling, and give practical and reasonable guidelines to them.

Household Economic Structure and Subjective Evaluation on Economic Status of Households (가계의 주관적 경제상태와 객관적 경제구조)

  • Kim, Min-Jeung;Lee, Hee-Sook
    • Journal of the Korean Home Economics Association
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    • v.47 no.1
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    • pp.25-43
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    • 2009
  • The purpose of this study was to find how economic structures differ among four different household groups('enough', 'so so', 'a little difficult', 'very difficult') classified by subjective evaluation on their economic conditions. The data were drawn from 2004 Korean Labor and Income Panel Study conducted by Korea Labor Institute, and $X^2$-test and F-test were utilized by SPSS for Windows 10.0. The major findings were as following. First, the economic levels of household groups of 'enough' and 'so so' showed to be higher than the average. This result implies that households tend to evaluate by themselves their economic conditions comparing to the others. Second, the deviations of average economic levels among four different household groups were relatively bigger in household economic elements of liquid asset, monthly savings and insurance than the others, and relatively smaller in household economic elements of total expenditure, especially expenditures in food at home, education, medical, communication than the others. Third, the households of 'a little difficult' and 'very difficult' showed undesirable economic structures resulting from lack of savings and insurance for their future.