S-Space College of Business Administration/Business School (경영대학/대학원) Institute of Management Research (경영연구소) 경영논집 경영논집 vol.05 (1971)
An application of mathematical programming to the choice of investment: The Case of the Electric Power Industry in Korea
- Rha, Woong Bae
- Issue Date
- 서울대학교 경영연구소
- 경영논집, Vol.5 No.4, pp. 41-113
- The choice of investments has always been a major concern of economists and businessmen. Substantial development of analytical techniques for the choice of investments in public utilities has been achieved in recent years. The most important contributions have come from two newly developed techniques: cost-benefit analysis and mathematical programming. Cost-benefit analysis is a practical way of assessing the desirability of projects, where it is important to take a long view and a wide view. Although cost-benefit analysis has been useful in determining the desirability of multiple purpose projects, the scope of the analysis has mainly been restricted to the level of individual project evaluation.