Abstract
The government should aim to induce activation in the study of marinebiotechnology industry over the marine genome project for next generation(MGPNG). In this regard, this study attempts to analyze the economic feasibilityof the MGPNG program in order to provide policy-maker with useful information.
This paper, after estimating the economic benefit of MGPNG using market demandapproach. To this end, the indices for economic feasibility such as net present value(NPV), benefit/cost (B/C) ratio, and internal rate of return (IRR) are presented.
The results show that NPV, B/C, and IRR are computed to be 43,927 million won,1.62, and 12.11%, respectively, which are bigger than 0, 1.0, and 5.5%, and that theMGPNG passes the cost-benefit analysis.
This paper, after estimating the economic benefit of MGPNG using market demandapproach. To this end, the indices for economic feasibility such as net present value(NPV), benefit/cost (B/C) ratio, and internal rate of return (IRR) are presented.
The results show that NPV, B/C, and IRR are computed to be 43,927 million won,1.62, and 12.11%, respectively, which are bigger than 0, 1.0, and 5.5%, and that theMGPNG passes the cost-benefit analysis.
| Translated title of the contribution | Economic Feasibility Analysis of Marine Genome Project for Next Generation |
|---|---|
| Original language | Korean |
| Pages (from-to) | 117-138 |
| Number of pages | 22 |
| Journal | 한국혁신학회 |
| Volume | 9 |
| Issue number | 2 |
| State | Published - Dec 2014 |