• Title/Summary/Keyword: Economic evaluation

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An Dynamic Analysis of Quality Control in Korean Manufacturing Industry (한국제조기업 품질관리활동의 동적 분석)

  • 이순룡;이광재
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.10 no.16
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    • pp.183-195
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    • 1987
  • The effectiveness of quality control is contingent to adaptability to the present circumstance. The objectives of this study are to provide empirical data to carry out qualify control effectively. To accomplish this purpose, an empirical study was made by questionaire (mailing survey method, Feb. to Mar. in 1987). The sample is the 167 companies in Korean manufacturing industry. The main findings out of the analysis are as follows the stage of quality control is concentrated in appraisal phase, the company standard is equiped gradually in non-KS marked company and the need of economic evaluation about quality control is increased gradually. With a view to analysing of relationship between quality control and it's effect factors (company standard, KS mark, computer based information system), the methods of $\chi$$^2$ test are used. The company standard have a significant difference in top manager's altitude to duality control, operation stage of quality control. operation scope of qualify control and quality budgeting system but is insignificant with economic evaluation about duality control. Otherwise, KS mark is insignificant with the equality control activity except for operation scope. The quality information system based in computer have a significant difference in operation stage, operation scope and economic evaluation. Therefor, for the purpose of attaining effectiveness of quality control through the economic evaluation about quality control, the company standard and computer based duality information system must be utilized in quality control activity.

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A Study of Comparative Economic Evaluation for the System of Ground Source Heat Pump and District Heating and Cooling:Focusing on the Analysis of Operation Case (지열히트펌프와 지역냉난방 시스템의 운영사례를 중심으로 경제성 비교분석 연구)

  • Lee, Key Chang;Hong, Jun Hee;Kong, Hyoung Jin
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.28 no.3
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    • pp.103-109
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    • 2016
  • The purpose of this study is to perform comparative economic evaluation for the systems of ground source heat pump (GSHP) and district heating and cooling (DHC) by focusing on the analysis of operation case of GSHP. The adapted research object is a public office building located in Seoul. The capacity of ground source pump is about 3,900 kW. Ground heat exchanger is closed loop type. The analysis period for life cycle cost is 30 years. Economic evaluation is assessed from the viewpoints of the following four parts: initial cost, energy cost, maintenance and replacement cost, and environment cost. The total life cycle cost of GSHP is approximately 8,447 million won. The cost of the DHC System is approximately 3,793 million won. The cost of the DHC is approximately 46% lower than GSHP system under the condition of current rate for GSHP and DHC.

Community Economic Evaluation and Sample Distribution of a State Park: The Case of the Belum Royal State Park, Malaysia

  • AWANG MARIKAN, Dayang Affizzah;RAMBELI, Norimah;AZMAN, Nur Ain;RAMDAN, Mohamad Rohieszan
    • Journal of Distribution Science
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    • v.20 no.10
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    • pp.19-29
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    • 2022
  • Purpose: This study was conducted to gauge the economic evaluation and sample distribution of conserving the Belum Royal State Park (BRSP) in Perak, Malaysia and to identify factors influencing its use by the community. This study aims to examine community perception on the conservation of the Belum Royal State Park (BRSP) and maximum community's willingness to pay for park entry permits fees. Research design, data and methodology: A questionnaire survey was conducted involving a total of 280 respondents. The study adopted the Dichotomous Choice Contingent Valuation Approach (DC-CVM) and the Logistic Model, to estimate the maximum community's willingness to pay for park entry permits fees. Results: The results established that the factors of respondent's occupation, income, ecotourism influence on the BRSP and maximum entry price, significantly influenced visitors' decision on community's willingness to pay. The average community's willingness to pay was RM9.68 per person. Conclusions: In conclusion, surveillance and patrols in protected areas should be expanded. The extra expense for ensuring safety can be offset through income from ecotourism that should also benefit the local community on economic evaluation and equal distribution on the BRSP.

Investigation on Causal Relationships Between Home Environment, Children's Self-evaluation and Learned Helplessness (가정환경, 아동의 자아 평가와 학습된 무력감간의 인과관계)

  • 최보가
    • Journal of the Korean Home Economics Association
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    • v.36 no.4
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    • pp.121-136
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    • 1998
  • The purpose of this study was to investigate the causal resationships between children's learned helplessness, self-evaluation and the home environment which included the family's socio-economic status, parent's achieving pressure and maternal child rearing behavior. The results were as follows; The socio-economic status of home influenced on the parent's achieving pressure, maternal child rearing behavior and children's self-evaluation, but didn't influence children's learned helplessness. Parent's achieving pressure had a negative correlation with the maternal child rearing behavior and influenced children's learned helplessness, but did not influence children's self-evaluation. Maternal child rearing behavior influenced children's self-evaluation, but did not influence children's self-evaluation. Maternal child rearing behavior influenced children's self-evaluation, but did not influence children's learned helplessness directly. Children's self-evaluation had the strongest direct impact on children's learned helplessness. This was found to be a mediating factor between home environmental factor and children's learned helplessness.

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The Economics Evaluation of Grid-connected Photovoltaic Systems in Residential Houses

  • Lee, Hyun-Seung;Kim, Sung-Bum;Shin, U-Cheul
    • KIEAE Journal
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    • v.15 no.6
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    • pp.5-10
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    • 2015
  • Purpose: To evaluate the economic performance of grid-connected photovoltaic system in residential house, household electricity bill policy of Korea Electric Power Corporation (KEPCO) must be applied precisely, and market tendency and uncertainty of system also need to be considered. In this study, to evaluate the economic feasibility of PV system, we measured PV power generation and electricity consumption of six of Green home in Daejeon through web based remote monitoring system. Method: We applied Monte-Carlo simulation based on life cycle cost analysis, to reflect an uncertainty of main factor in economic feasibility evaluation of photovoltaic system. Result: First, with deterministic analysis, the difference of NPV of cumulative financial savings among households varied from -3,310 ~ 24,170 thousand won, portraying notably big range. Also the possibility of getting the same result was 50% when applying uncertainty. Second, the higher electricity consumption is, the more economic feasibility of photovoltaic system increases because KEPCO uses progressive taxation in household electricity bill policy. Third, The contribution to variance of electricity price increases in NPV varied from 98.5% to 99.9%. While the inflation rate and annual degradation contributed very little to none.

A Study on the Economic Evaluation of Photovoltaic System in the Residential Building (주거용 건물의 태양광 발전시스템 경제성 평가에 관한 연구)

  • Choi, Jeong-Min;Ju, Jai-Wook;Kim, Dong-Gyu
    • Journal of the Korean Solar Energy Society
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    • v.29 no.6
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    • pp.14-21
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    • 2009
  • The demand and installation for photovoltaic system(namely, PV) has grown steadily in Korea. However, the PV system has a various economic viability according to the PV system characteristic variables such as inverter efficiency, miscellaneous power conditioning losses, azimuth and slope of PV array, PV tracking mode, and so on. The other variables are the monthly consumed electric energy and economic related factor such as initial cost, government subsidy, maintenance cost, inflation rate, energy cost escalation rate, discount rate, etc. Therefore, this study is to present economic evaluation of PV system with those concerned factors by calculating internal rate of return, year-to-positive cash flow and net present value indices.

A Study of the Economic Evaluation for the Agricultural Infrastructure Projects (농업기반정비사업 편익산정을 위한 지표 개선방안)

  • Kim, Young-Joo;Choi, Byeong-Han;Jo, Rae-Cheong;Choi, Young-Wan;Kim, Yun-Shik
    • Journal of Korean Society of Rural Planning
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    • v.20 no.2
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    • pp.139-150
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    • 2014
  • The purposes of this research are to review the current economic measures to be used to assess the economic effects of agricultural infrastructure projects, to find some effects not included into the current measures, and to suggest new additional economic measures. So thus, economic assessment for agricultural infrastructure projects has been criticized to be overestimated. For example, some research reported that the projects enhanced rice productivity by 20% or 30%. We suggest four new measures to evaluate economic effects of agricultural infrastructure projects: (1) enhancement in productivity, (2) switchover from low-income crops to high-income crops, (3) rises in land price, and (4) lower fluctuation in production.

Economic Evaluation of the IT SoC Industry Infrastructure Program

  • Oh, Wan-Keun;Min, Wan-Kee
    • 한국벤처창업학회:학술대회논문집
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    • 2007.04a
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    • pp.79-99
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    • 2007
  • This paper evaluates the economic effect of the IT SoC Industrial Foundation Composition Project. The evaluation was done in three steps. The first step was to estimate the contribution effect of the fabless small and medium venture business' sales. The step includes interview with all the CEOs of the firms under the support of the Enterprise Incubation System, The second step was to apply input-output analysis and then estimate the production inducement effect. The last step was to compare the results of estimation with the costs of the project. We have concluded this project had achieved 6.3 times greater economic effect compared to the budget. The reason for the large economic effect is that the project provided various infrastructures to the small and medium venture businesses.

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A Study on Economic Evaluation and Energy Efficiency for the Installation of Water Control Device in Building (급수제어장치 설치에 따른 건축물의 에너지 효율 및 경제성 평가)

  • Park, Kang-Hyun;Cha, Jung-Hoon;Kim, Su-Min
    • 한국태양에너지학회:학술대회논문집
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    • 2011.11a
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    • pp.338-341
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    • 2011
  • Water usage for cleaning the toilet bowl accounts for 27% of the total water usage. Water-saving valve that can select the amount of water for cleaning toilet bowl can be reduced expenditure. After installing water-saving valve, analysed the economic effects. Water-saving valves compared with flush valves, and researched the amount of water usage. Then analyzed fort he economic effects. Water-saving valve was used 5.6 ${\ell}/time$ for cleaning toilet bowl. In contrast, flush valve was consumed 8.4 ${\ell}/time$. Water-saving valve's water-saving rate was 33.3%. The initial payback period for Water-saving valve was 459.5 days. By a small investment in water saving valve, the economic benefits can be obtained.

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An Evaluation of Time Use and Economic Value of Housework in Korea (한국주부가 가사노동시간과 경제적 가치 평가)

  • 김정희
    • Journal of the Korean Home Economics Association
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    • v.31 no.4
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    • pp.37-51
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    • 1993
  • The Objects of this study are: 1. To compare the housework time of housewives by region and employment status. 2. To compare the economic value of housework by region and employment status. 3. To evaluate the economic value of housework by each method. The subjects of this study were 815 housewives living in Taegu and Kyungsangpookdo. The statistics used for data analysis were frequency, percentile, T-test, ANOVA and Seheffe test by SPSS PC programs: 1) The average housework time was 7.8hours per day. Full-time housewives spent 8.2hours and employed housewives spent 6.7hours to housework. 2) Partially there were significant difference in economic value of housework by employment status. 3) Estimates of economic value of housework by each method of evaluation are : (unit : won) sample mean method monthly (1) Specialized substitute method 587,080 (2) Overall substitute method 760,640 (3) Opportunity cost method 556,060 (4) Reservation wage method 534,070 (5) Subjective evalution method 644,540

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