아산만권 개발사업의 경제적 타당성분석

A Study on the Benefit-Cost Analysis of Development Project in Asan-Bay Area

1. CONTENTS (1) RESEARCH OBJECTIVES The purpose of this study is to evaluate the economic feasibility of real estate development project. (2) RESEARCH METHOD This study was focused on economic feasibility analysis. Especially this study used to the Benefit cost ratio analysis. The study areas include the An-san Bay area (Pyeong-Taek, Po-Seung, Dan-Jin, Song-Ak, Ah-San, In-Ju) out of the West Sea Free Economic Zone. The proposed development schemes are divided into three stages in the development : 2008-2013, 2014-2019, and 2020-2025. (3) RESEARCH FINDINGS In the results of this analysis, the most important problem is the absent of the social consensus about measuring criteria of benefit and cost for industrial complex development. 2. RESULTS This study provides the results from a Benefit-Cost analysis and a Sensitivity Analysis on foreign investment. The Key findings indicate good economic feasibility with the B/C of 1.526. The B/C results show the ratio variations from 0.037 to 2.23 corresponding to the foreign investment variations from 5% to 30%. The results also suggest the need to consider the social consensus on the results from B/C analysis of the Asan-Bay Area development project.