• Proceedings of the KSR Conference
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• 2008.11b
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• pp.112-116
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• 2008

Determining the investment priority of the railway project is essential to keep its object of railway investment. [National railway construction plan] provide 4 major evaluation indicators and their weighting range in determining the investment priority of railway construction. Which are investment efficiency, inter-regional balance of development, network effects, government supporting policy. However this present criteria has inconsistency in determining economical feasibility of the railway transportation when applying the same evaluation indicator, investment efficiency, with the road transportation. The railway transportation is superior to road transportation in terms of transportation capacity and distance, while offering less carbon emissions. In spite of the prominent position of the railway transportation, it can be failed to obtain its proper investment priority when being determined under economical feasibility based. Therefore, this study analyzed the inconsistency under present evaluation criteria and proposed new evaluation method for the investment priority of the railway construction using AHP(analytic hierarchy process), while differentiate from the road construction. This method is optimized for only determining the priority of the railway construction itself under object of railway investment respectively.

• Proceedings of the KSR Conference
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• 2009.05a
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• pp.331-340
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• 2009

This study is objected by suggesting rationalization method of management and maintenance cost for railway investment assessment. The estimate of rational benefit and cost are a work of vital importance to decide railway investment as preliminary feasibility investigation is institutionally reinforced since January 2007. In particular, railway management and maintenance cost have to be applied to realistic and detail cost as railway investment assessment guide. For example, types of railway, construction of new line, improvement of conventional line, double tracking, railway electrification. However, railway investment assessment is inconsistency because of estimating the railway management and maintenance cost using existing unrealistic management and maintenance cost. Therefore, this study is performed parametric analysis effecting on the railway management and maintenance cost considered new technique, enhanced facilities and improved standard. Also, it suggests the itemized standard management and maintenance cost. Finally, it will be helped to establish the base of railway investment through the rationalization method of management and maintenance cost.

• Proceedings of the KSR Conference
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• 2004.10a
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• pp.965-970
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• 2004

The private investment on the SOC facilities is a worldwide tendency since it can supplement the insufficient investment of public finance in the construction of infrastructures. Alter the formulation of private investment law, private sector's investment on roads, harbors and environmental facilities are being progressed considerably. However, railway construction by private sector is not active comparing to the former areas because of huge investment for construction but relatively low and unpredictable benefit in operation. This paper reviews the financial, social and institutional aspects on the private investment for SOC projects, especially railway projects. Also, this paper tries to find the desirable way to expedite the private investment on railway project,. Conclusively, the paper propose that the private sector in railway projects is better constituted with financial investor and the private financing could be. activated and settled if a stable minimum benefit on their investment being ensured institutionally, for example, by BTL.

• Proceedings of the KSR Conference
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• 2008.11b
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• pp.750-761
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• 2008

The social and economical value assessment of railway facilities implies unaccountable values such as: reduction of travel time, reduction of car accident, reduction of air pollution. However, the value of railway facilities has been evaluated as the transportation and management results. The investment and management results of railway need to be considered objectively. Therefore, this study established the economical value assessment method of railway facilities composed of 10 items of economical value through the existing a preliminary assessment investigation, a manual of railway investment assessment, paper study. In addition, this study proposed the strategy for the value assessment of railway facilities before and after.

• Proceedings of the KSR Conference
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• 2008.06a
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• pp.1574-1586
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• 2008

Railway is the most effective transportation than any other traffic. But due to the its expensive maintenance fee and various components like roadbed, rail, rollingstock, electric and signal etc, the construction cost of the railway is usually higher than highway. Such a reason, a lot of cost and period are needed to complete the railway project. In addition that considering the decreasing of the SOC budget, the investment in the railway industry is getting hard than ever. This study analyzed the cost, term of work, freight & passenger transportation demand of the wide area railway electrification project and main line improvement project. And it compared the estimation value and real value of the projects like cost and period etc. And this study surveyed the economic feasibility including factors which are not considered in the feasibility study guide. With those results, This study suggest the project management and evaluation method to enlarge the efficiency of the railway construction project.

• Journal of the Korean Society for Railway
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• v.12 no.3
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• pp.420-426
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• 2009

Although the amount of travel demand is a critical factor in a benefit-cost (B/C) analysis of railway investment, the travel demand changes especially for induced demand have not been considered. Therefore, the basic study of how to estimate travel demand changes after railway investment is worth investigating. This study reviews the methodologies for estimating diverted and induced demand generated after railway investment, and proposes appropriate approaches that will help railway planners to practically apply them in a case study. Further, the research stimulates the needs of consideration of the travel demand changes in the feasibility studies of railway planning.

• Proceedings of the KSR Conference
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• 2008.11b
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• pp.626-637
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• 2008

Although the amount of travel demand is a critical factor in a benefit-cost (B/C) analysis of railway investment, the travel demand changes especially for induced demand have not been considered. Therefore, the basic study of how to estimate travel demand changes after railway investment is worth investigating. This study reviews the methodologies for estimating diverted and induced demand generated after railway investment, and proposes appropriate approaches that will help railway planners to practically apply them in a case study. Further, the research stimulates the needs of consideration of the travel demand changes in the feasibility studies of railway planning.

• Journal of the Korean Society of Safety
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• v.32 no.5
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• pp.122-128
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• 2017

Korean government announced long-term railway safety investment plan for the safety improvement by 2020. But no research have been done about differential analysis on railroad safety investment and safety improvement. In this study, recent 10 year data on safety investments and accident data are analysed for the differential analysis. Three main safety investments are analysed on regard to accident rate and accident fatalities. Three safety measures include level crossing accident, platform fatalities, and track trespass fatalities. About 90% of railway accident fatalities are caused by these three kind of accidents. Differential analysis shows about 4 to 6 years delay after railroad safety investment and safety improvement. This result can be utilized for the decision making on safety measures and safety target. Which required long term approach.

• Proceedings of the KSR Conference
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• 2008.06a
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• pp.1324-1332
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• 2008

The change of the transportation circumstance related to the deep environmental pollution, escalation of the energy price, increasing social cost of the congestion and traffic accident, improving a income level, advanced social structure etc, is rapidly proceeded. For the corresponding this transportation circumstance, the role of the railway is being increased and that is friendly with environment, efficient for the energy, observed the time schedule and the transportation device which is high speed and safe mass transportation. In addition, government's R&D investment is being increased according to deeping a strength of the international competitiveness through the technical innovation. So railway's R&D investment is being increased. Accordingly, This study suggest improving a fruit of the R&D related to railway R&D system for a efficient R&D investment.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.36 no.1
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• pp.129-133
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• 2016

This paper insists that the accessibility and transfer facility has also to be included in railway investment because railway mode can not be, what is called, a door to door service. At present those facility are not included in the railway investment with them in negligence. Since those facility is not treated with railway system there is no room to get a budget from the central government. This paper suggests that all the measurements have to be implemented, based on the LOS (Level of Service) of accessibility and transfer at railway stations. The LOS has to be as low as reasonably practical (ALARP) which can be derived from the consensus between government and citizens. Also, a couple of procurement methods are suggested for accessibility and transfer facility separately. Finally, improvement of regulations are also suggested.