Social Overhead Capital Research Articles

A study on research trend about Private Investment on Social Overhead Capital

A study on research trend about Private Investment on Social Overhead Capital

An Empirical Investigation on the Determinants of Smart Water Grid Adoption

water management is emerging as a new paradigm. water management combines existing water management techniques with cutting-edge IT to enable more sustainable water management. Developed countries have incorporated IT in a broad range of policies governing areas of Social Overhead Capital (SOC), ranging from water management to electricity, transportation, and the environment. As an IT powerhouse, Korea has an advantage in promoting smart water management, but the technologies in this particular field have not kept pace with those in more advanced countries. The Korean government has made a number of attempts to incorporate state-of-the-art IT and establish smart SOC, which is expected to greatly enhance infrastructure efficiency and functions. Water management has been included in SOC initiatives, and the deployment of a Smart Water is underway. As a next-generation intelligent water management system, the Water Grid has been well received around the world due to its potential to address dire water shortage problems. However, in Korea, studies on a Water Grid are still at a nascent stage. This study aimed to lay the groundwork for the successful introduction of a new Water Grid system by identifying factors that promote or restrict the adoption of innovative technology, analyze how various factors affect the intention to adopt a Water Grid, and attempt to find a causal relationship between the identified factors and the intention to adopt the new IT system.

Public-Private Partnerships in Republic of Korea: Experience and Results

The Republic of Korea came to realize the acute necessity of launching the public-private partnership (PPP) at the turn of the 90s, the country happened to fall short of such infra facilities as roadways, railroads, sea ports and airports and the government found itself unable to fully finance their construction works. Although the PPP institutional framework started to get purposely and mostly formed in the first half of the 90s in Korea the PPP itself actually came into occasional practice even before, owing to some legislation, covering roadways and sea ports. There are four main stages to be noted in the development of PPP, consecutively ranging from 1968 to 1994, from 1994 to 1999, from 1999 to 2004 and since 2005 till now. The PPP periods are much related to various amendments to the basic PPP law, initially adopted in August 1994 as the Act on Promotion of Private Capital Investment in Social Overhead Capital which was transformed into the Act on Private Participation in Infrastructure (briefly called the PPP Act) in December 1998. Along with this Act, Korea's PPP institutional basis currently laid by the Enforcement Decree of the Act on Public-Private Partnerships in Infrastructure, the PPP Basic Plan and the PPP Implementation Guidelines. It is the PPP Act that determines 49 types of PPP project-eligible infra facilities, categorized into 15 groups such as roads, railroads, ports, airports, communications, water resources, energy, environment, forestry, logistics, welfare, public housing, military housing, education, culture/tourism. In the aspect of the globally-recognized types of PPP procurement methods, the PPP Act primarily determines the use of such mechanisms as BTL, BTO, BOT, BOO.

재난대응 의사결정 지원을 위한 인벤토리 통합 관리 시스템 구축 방안

ABSTRACT Social overhead capital (SOC) facilities are being threatened continuously by abnormal climate events that are increasing globally. For disaster response, rapid decision making on evacuation routes and other matters is critical. For this purpose, spatiotemporal information that combine data on disasters and SOC facilities needs to be utilized. This information is separately collected by government agencies and public organizations, and is not managed in an integrated manner. For rapid disaster response, an integrated management of separately collected disaster data and the creation of such information as the safety and damages on SOC facilities are required. To achieve this goal, it is essential to build inventories that integrate all the related information to support decision making indispensable for disaster response. In this study, a development plan for an integrated inventory management system based on the management and connection of inventories to support rapid decision making for disaster response is proposed. This system can collect and standardize data related to disasters and SOC facilities that are being managed separately and provide integrated information in line with the needs of users. The proposed system can be used as a decision making tool for proactive disaster response. KEYWORDS : Disaster Response, Decision Making, Database Management, Database Connection, Inventory Management

선형 SOC 사업과 지적재조사측량의 연계에 따른 효과 분석

"지적재조사 기본계획"에는 2012년에 수행된 정부의 예비타당성조사 결과가 반영되어 2030년까지 약 1조 3,000억 원의 국가재정을 지적재조사사업에 투입할 것을 계획하고 있다. 지적재조사사업의 사업비 중 78.8%를 차지하고 있는 지적재조사측량을 효율적으로 사업추진하는 것이 전체 지적재조사사업의 효율화에 매우 중요하다. 현재 "지적재조사 기본계획" 상 지적확정측량으로 계획된 13%의 물량은 "측량 수로조사 및 지적에 관한 법률" 제86조에 규정된 면형 SOC(Social Overhead Capital) 사업이며, 여기에 포함되지 않은 선형 SOC 사업도 지적재조사사업과 연계를 통하여 효율성 향상을 기대할 수 있다. 선형 SOC 사업에서 용지경계측량이 이루어지면 설치된 경계말뚝을 이용하여 지역측지계에 의한 분할측량이 이루어지고, 사업이 완료된 후에 용지경계와 내부에 대한 지적재조사측량이 이루어진다. 본 연구에서 제시된 연계방안에 의하면 분할측량과 동시에 용지경계측량 성과를 이용하여 세계측지계에 의한 지적재조사측량 성과를 산출함으로써 중복작업을 배제할 수 있다. 본 연구를 통해 선형 SOC 사업과 지적재조사사업의 연계 방안을 제시하였으며, 이를 통해 년간 73,877필지, 4,078백만원의 효과가 발생할 것으로 예상되었다. "Master Plan of Cadastral Resurvey Project" aims to put the governmental budget of 1.3 trillion Won into the cadastral resurvey project until 2030 that reflects the preliminary feasibility study, conducted by government at 2012. The cadastral Resurvey, which takes 78.8% of the expenses in the project, has to take an critical role for earning the most effective results from the project. The cadastral confirmation surveying take up almost 13% of the project and is controlled under the areal SOC(Social Overhead Capital) projects in current "Master Plan of Cadastral Resurvey Project". Also, the affiliations of cadastral resurvey and linear SOC projects are expected to bring advanced results, although those are excluded from cadastral confirmation surveying. For linear SOC projects, the land division survey is conducted by using boundary stakes in boundary survey, while the cadastral resurvey is conducted within the SOC project area, after the completion of the project. In this study, we could conclude that cadastral resurvey results with the world geodetic system from boundary survey at the point of land division could be produced without the duplication of land division and cadastral resurvey. As a result, the expected benefits are 73,877 parcels and 4,078 million won, annually.

지방자치단체에 BIM/GIS 통합 플랫폼 적용을 위한 SOC 시설물 우선순위 선정방안

Recently, BIM(Building Information Model) is widely applied to all stages of SOC (Social Overhead Capital)facilities life cycle from planning to maintenance. While BIM is an analysis tool focussing the inner space of facilities, GIS is principally applied to analyzing relationship between facilities. Therefore, integrating BIM and GIS, we expect to get a potential synergy effect in aspects of effective information management and various analysis for SOC facilities. This paper deals with prioritizing SOC facilities for applying BIM/GIS integrating platform to local governments. First, investigate facilities required by law, and identify SOC facilities suitable for SOC characteristics. Second, analyze the effectiveness and applicability of BIM/GIS integrating platform applying each facility. For the purpose, we quantify effectiveness and applicability in aspects of UIS management and GIS functions. Lastly, prioritize the SOC facilities applying BIM/GIS integrating platform.

INVESTMENT METHODOLOGY IN PLANNING AND DEVELOPMENT OF INFRASTRUCTURE: AN UNBALANCED GROWTH APPROACH

The economic as well as efficient use of scarce resources is one of the challenges in developing countries. This paper aims at providing an investment methodology to infrastructure planning and development agencies. To achieve the goal, the paper specifically analyses the unbalanced growth concept in prioritizing investment in infrastructure development. It further examines in detail the investment policies in infrastructure development in Sri-Lanka. Based on that, this paper carried out an extensive survey of the literature pertaining to available social infrastructure and the social status of Nigerian Niger Delta (ND) region. In looking for broad correlations, this paper sets aside a crucial issue - given that investment capital is scarce and living standards are low, what should get priority in terms of investment between consumption and productive activities? The study employed. An adaptation of photovoice methodology is used to collect primary data on the status of infrastructure facilities in the ND. The methodology is adopted to identify scope not captured through quantitative measures. The methodology combines photography with grassroots social action through interviews. The sample size is based on purposive sampling technique because the methodology requires adults that can participate in interview survey and handle instruments to be used for data collection. Based on that, fifty seven participants were first selected and subdivided into eight groups. The findings establish that social overhead capital (SOC) investments are more beneficial than direct productive activities (DPA) during early phase of infrastructural development and thus be given priority because the provision of SOC is relevant to addressing the appalling state of living of the people of the Nigerian ND region and thus improve the region's human capacity. The paper concludes that the measure of self-reliance of poor people is a strong indicator of the long-term poverty reduction impact of infrastructure development. Policy recommendations and specific actionable targets are suggested.

도로의 전과정 탄소배출량 산정방법 개발 및 적용

Global warming has been hot issue world wide. Korea has been dealing with the global issue under the slogan of low carbon and green-growth such as setting national greenhouse gas (GHG) reduction targets and allocation to each industrial sector. Infrastructure construction, in which enormous social overhead capital (SOC) is input, has great role as one of the actions. Road is one of the representative infrastructure and large amount of resources is utilized in its construction, operation and maintenance stage. The estimation methodology of life cycle carbon emissions was developed and applied to a case study of highway currently under construction in this study. Also, total carbon emissions of all the highway in South Korea at present (2009) and cumulative carbon emissions from 2009 to 2020 were estimated using the results of case study.

성능평가기법을 활용한 타당성조사 정책적 분석단계의 정량적 의사결정모델 개발 - 복수대안의 타당성 평가를 중심으로 -

사회간접자본(SOC)은 국가 산업부문과 국민경제에 매우 큰 영향을 끼치는 생산요소로 이에 대한 투자는 경제성장에 있어 필수적이며, 국가 경쟁력을 결정하는 주요 요소이다. 이러한 중요성을 인식하여 정부에서는 지난 1999년부터 예비타당성조사 제도를 도입하여 SOC 사업시행 유 무를 검토하고 있으나 과학적 투자평가방법의 미비, 조사 결과의 신뢰성 저하 등 근본적인 문제가 끊임없이 제기되고 있다. 이를 개선하고자 수행된 주요기관의 선행연구는 대부분 수요추정 및 경제성 분석 중심으로 진행되었고, 예비타당성조사의 주요 단계인 정책적 분석에 대한 연구진행은 아직 미흡한 실정이다. 이에 본 논문에서는 관련 학문과의 적절한 융합과 조화가 요구되는 (예비)타당성조사의 정책적 분석단계에 대하여 현행 전문가의 경험과 관련 자료에 의한 정성적 평가를 개선하고자 가치공학(VE)의 성능평가기법을 활용한 정량적 의사결정모델을 개발 제안하여 분석결과의 정량화를 유도하고 체계적 분석절차에 의한 전략적 판단도구로의 활용과 신규투자사업 목표에 대한 정책적 측면의 가치향상에 기여하고자 한다. As an impactive factor on industries and national economy, The Social Overhead Capital(SOC) is major factor to determine the national competitiveness and the investment of SOC is essential for its economic growth. Accordingly, introduction of the preliminary feasibility study and establishment of legal institutionalization and evaluation system has been carried out and reviewed since 1999. Nevertheless of these efforts, basic problems such as lack of scientific method for investment evaluation and loss of effectiveness on feasibility studies are continuously being brought up. Moreover, as the preliminary study to improve the mentioned problems is mainly focused on the economic and estimated demand analysis, the study of policy analysis, the most important phase during a feasibility study, is still insufficient. Therefore, in this paper, a quantitative decision-making model, to which the performance assessment method of Value Engineering(VE) is applied, is developed and proposed to improve the policy analysis of (preliminary) feasibility study that requires combining with relative studies, to induce quantitative analysis method, and to contribute the improvement of value on the political aspect for SOC investment goals and use as a strategic decision-making method by systematic analysis.

WBS 기반의 국책 건설사업 기록물 분류체계에 대한 연구

정부 주도하에 정책적으로 이루어지는 국책 건설사업은 국가의 사회간접자본시설에 주로 집중되며 상당한 국가예산이 투입되고 관련 분야의 전문적 역량이 총체적으로 투입되는 장기적 사업이다. 일반적으로 사회기반시설은 반영구 혹은 영구적 국가 자산으로 유지하게 되며 그에 따른 기록물 또한 해당 시설물의 수명기간 동안 보존 활용되어야 한다. 또한 국책사업 특성상 다양한 이해관계자 간의 유기적 협의체계를 지원하고 오랜 기간 동안 일관된 문서 및 기록관리체계를 유지하기 위해서는 기관별 특성을 최대한 배제한 사업 역무 위주의 표준화된 분류체계의 수립이 필요하다. 따라서 국책사업 기록물의 분류체계는 사업 자체 업무 분석을 근거로 사업 업무분류체계(WBS : Work Breakdown Structure)를 기반으로 수립되어야 한다. WBS는 프로젝트 관리(PM) 분야에서 통상적인 사업관리 기법으로 업무구분을 위해 사업초기에 수립되며, 프로젝트 목표를 달성하고 필요한 인도물을 산출하기 위하여 프로젝트 팀이 실행할 작업을 인도물 중심으로 분할한 계층 구조체계이다. 따라서 본 연구는 WBS에 기반한 국책사업 기록물 분류체계 수립에 대한 구체적인 사례와 방안을 제시함으로써 현 관리, 행정기록물 중심의 기록물 분류 체계에 대한 새로운 시각을 제시하는 데 목적이 있다. National construction project for SOC(Social Overhead Capital) is led by the government and invested high cost and all capabilities for long times. In general case the life times of SOC facilities are permanently. According to the long life time of the facilities documents and records of national projects are also retained permanently. Consistent classification systems are required to operation and maintenance of the facilities efficiently and to support the organic co-works for several Stakeholders. Therefore the classification of national construction projects are based on WBS of the project. WBS is the hierarchy structure that established and developed in project management project management methodology to produce deliverables of the projects. As a result, this study provides a prospect of project records classification systems in the 21st Century.

Cost Overrun and Cause in Korean Social Overhead Capital Projects: Roads, Rails, Airports, and Ports

Changes during the life cycle of a project promote cost overrun due to cost increases, time schedule delays, and benefit shortfalls. Specifically, cost overruns are usually due to inefficient budget usage by the national government for social overhead capital (SOC) investments. This paper aims to establish the cost overrun relating to transport policy in an institutional context, discuss the general causes and identify possibilities for their reduction in Korean SOC project preparation and decision making. The establishment of cost overrun probability distributions for a number of reference classes requires access to credible data for a sufficient number of projects within the same reference classes for statistically meaningful conclusions to be drawn. Cost data were available for a total of 161 completed projects. The results indicated that 95 and 100% of road and rail projects, respectively, had a maximum cost overrun of 50%. The causes of cost overruns can be grouped into several major categories: Changes in the scope, delays during construction, unreasonable estimation and adjustment of project costs, and no practical use of the earned value management system.

A Conceptual Information Management Model for SOC Projects

This paper presents a conceptual information management model for the efficient management of social overhead capital (SOC) projects. Case studies were conducted on SOC projects currently under construction to investigate information infrastructure, operational processes and programs, and project management information system (PMIS) operation and maintenance aspects. On the basis of the case studies, improvements to the current PMISs were suggested and reflected in the model developed in this paper. The suggested model can integrate and manage the enormous amount of information generated in the different construction project phases and project management functions during an SOC project.

Analysis of the macroeconomic effect of the producitivity of social overhead capital (SOC) investment on Nigeria's economic growth, 1980-1998

This study examined the quantative macroeconomic impact of Social Overhead Capital (SOC) investment on Nigeria’s economic growth. Utilizing a time series data spanning the period 1980-1998, two functional forms (linear and double-loglinear models) were fitted to data. The double-loglinear regression equation, which was selected as the ‘lead’ equation, showed that with the exception of the number of telephones installed, other variables (electricity generation/supply in kilowatt hours, road mileage/surface area and the structural adjustment programme) significantly influenced the growth of Nigeria’s Gross Domestic Product (GDP). The results inform that investments in Social Overhead Capital very significantly impacted on Nigeria’s economic growth during the period, 1980-1998 (P Key Words: Social Overhead Capital (SOC) Investment, Nigeria’s Economic Growth. [Global Jnl Agric Sci Vol.1(1) 2002: 63-71]

Method for Evaluating Participatory Institutional Infrastructure as an Element of Social Overhead Capital

Method for Evaluating Participatory Institutional Infrastructure as an Element of Social Overhead Capital

Agriculture and Rural Area as Social Overhead Capital and Their Improvement

Agriculture and Rural Area as Social Overhead Capital and Their Improvement

A Study on the Long-Term Investment Strategies of Social Overhead Capital

Social overhead capital (SOC) is the basic requisite of national economic activities, which is directly related to competitive power in industry and to the quality of people's living. The improper investment and poor management system concerning SOC during past years caused the lack of SOC facilities in many areas. Furthermore, expected future environment such as: an abrupt increase in SOC demand, a limitation of natural resources, the change of both political and economical situation in and outside the country, the change of the consumers' behavior, the rapid rise of land value will make SOC problems even more difficult. Therefore it is right time to study the long-term investment strategies of SOC for coming 21st century that may provide SOC systematically and efficiently.

Basic Studies on the Function and Attribute of Fishery Port and Artificial Reef as a Social Overhead Capital

Basic Studies on the Function and Attribute of Fishery Port and Artificial Reef as a Social Overhead Capital

An Externality Approach to the Cost Sharing of Social Overhead Capital

A definition of social overhead capital based on an ‘externality’ approach is proposed to explore the principle underlying cost sharing of social capital formation. First, in considering the relation of social capital to social services, the conventional ‘institutional’ definition and the simple ‘functional’ definition of social capital are criticised on the basis of their nonacademic and inconsistent interpretation. I propose instead a consistent definition of social capital based on an economic analysis of its external effects. Second, by separating the production side from the consumption side of public services in the public sector (and also in the private sector), four types of externalities of social capital (to the private sector) are distinguished. Finally, it is shown that these externalities can be taken as the theoretical bases for developing rules for cost sharing of social capital formation under the criterion of best allocation of resources. A forecast is then made of the size of these externalities, together with their feasibility of acceptance in actual public policy.

Simultaneous Optimal Allocation of Public Investments to the Interurban Comprehensive Transport System and Regional Living-Environmental Facilities

1) ObjectiveThe task that to which higher priority should be given, the improvement of the productive social over-head capital. e. g., transport facilities, etc., or the non-productive one useful for regional living-environment, e. g., sewerage systems, etc., will be one of the most important topics in recent regional policies.As for constituents of the non-productive social over-head capital, there are environmental sanitation (sewerage system, etc.), public rental housing, health and welfare (hospital, etc.), and education (school requisites, etc.). These form the ‘regional living-environmental facilities for permanent settlement’.We intend to construct a synthesized model which has the efficacy and ability to investigate consistently the efficiency and priority of public investments to various facilities such as proposed 5 future new trunk railway lines, proposed future national trunk expressway systems, branch expressways, ordinal trunk highways, local airports and harbors, which are competitive and mutually alternatives, and are planned over a more lengthy period than the planning horizon of the Third National Land Comprehensive Development Planning.To cope with such a task, it is urgent and indispensable requisite to develop a general model which can manage ‘goods traffic’ and ‘passenger traffic’ concurrently. All the models hitherto, e. g., our interregional input-output programming model also had not this concurrently built procedure. The reason is that transport facilities such as expressways, highways, ordinal railways are under the mixed utilization of goods traffic and passenger traffic.2) Pedigree of this modelThis paper is an extension of “Optimal allocation of public investment using interregional input-output programming model” [H. Kohno (1975)] which was based partly on the Moses's model (1960) and Lefeber model (1958).3) Development of several sub-models to meet conprehensive valuationWe have this time, developed several sub-models to meet the comprehensive valuation of social benefits due to the allocation of public investments. These are shown under the itemized sub-titles:(1) Establishment of passenger travel-consumption activities and its incorporation into input-output programming model, (2) Generalization of objective function of GNP to the maximization of social benefits incorporating the rate of valuation as to the travel service and improvement of social overhead capital based on the multi-attributed utility function, (3) Setting up of alternative mixed combinations of ordinal railway passenger service of any link and new trunk railway passenger service of any link, for each type of route, (4) Systemization of row vector of transport service sector in order to make parametric computation easy, (5) Establishment of activities of living emvironmental social overhead capital service, and(6) Estimation of ‘necessary volumes of living-environmental social overhead capital-shipments of industrial and living activity’ coefficient matrix.Incorporating above six developed ideas into the base model [Kohno (1975)], we have constructed a synthesized programming model to meet our objective.The computational results of this model are omitted, due to space restriction.

Welfare: Social Security, Social Overhead Capital, and Pollution

Economic policy has, for the purpose of improving public welfare, always been aimed at the efficient allocation of economic resources and the equitable distribution of the wealth and income resulting from those resources. Efficiency and equity are thus regarded as the two main goals of economic policy.