@article{ART001547307},
author={Cho, Yongkyung and YoungHo Yoon and Sangyoub Lee},
title={The Benefit Estimating Model of the Public Rental Housing Improvement for Public Asset Management -Using the Contingent Valuation Method-},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2011},
volume={21},
number={1},
pages={193-208}
TY - JOUR
AU - Cho, Yongkyung
AU - YoungHo Yoon
AU - Sangyoub Lee
TI - The Benefit Estimating Model of the Public Rental Housing Improvement for Public Asset Management -Using the Contingent Valuation Method-
JO - Korea Real Estate Review
PY - 2011
VL - 21
IS - 1
PB - korea real estate research institute
SP - 193
EP - 208
SN - 2092-5395
AB - In Korea, a number of public rental houses (PRH) have been supplied since 1989. Most of them need the rehabilitation and remodeling works to resolve the natural born barriers of public rental housing such as lowering resident’s satisfaction and reversely growing living cost. For more efficient and economic management of public asset, this study aims to suggest the model for estimating the benefits provided by the asset management of PRH using the CVM. In order to quantify the benefits, the monetary value of benefits has been estimated and the influencing factors on resident’s WTP(willingness to payment) of housing improvement have been analyzed based on linear logistic model. The research findings indicate the benefits of alternatives respectively A: 17,400, B: 24,620, C: 12,490, D: 26,840 thousand won, mainly controlled by the family size, monthly income, and whether a household has a disabled person or not.
KW - public rental housing;asset management;public works;CVM
DO -
UR -
ER -
Cho, Yongkyung, YoungHo Yoon and Sangyoub Lee. (2011). The Benefit Estimating Model of the Public Rental Housing Improvement for Public Asset Management -Using the Contingent Valuation Method-. Korea Real Estate Review, 21(1), 193-208.
Cho, Yongkyung, YoungHo Yoon and Sangyoub Lee. 2011, "The Benefit Estimating Model of the Public Rental Housing Improvement for Public Asset Management -Using the Contingent Valuation Method-", Korea Real Estate Review, vol.21, no.1 pp.193-208.
Cho, Yongkyung, YoungHo Yoon, Sangyoub Lee "The Benefit Estimating Model of the Public Rental Housing Improvement for Public Asset Management -Using the Contingent Valuation Method-" Korea Real Estate Review 21.1 pp.193-208 (2011) : 193.
Cho, Yongkyung, YoungHo Yoon, Sangyoub Lee. The Benefit Estimating Model of the Public Rental Housing Improvement for Public Asset Management -Using the Contingent Valuation Method-. 2011; 21(1), 193-208.
Cho, Yongkyung, YoungHo Yoon and Sangyoub Lee. "The Benefit Estimating Model of the Public Rental Housing Improvement for Public Asset Management -Using the Contingent Valuation Method-" Korea Real Estate Review 21, no.1 (2011) : 193-208.
Cho, Yongkyung; YoungHo Yoon; Sangyoub Lee. The Benefit Estimating Model of the Public Rental Housing Improvement for Public Asset Management -Using the Contingent Valuation Method-. Korea Real Estate Review, 21(1), 193-208.
Cho, Yongkyung; YoungHo Yoon; Sangyoub Lee. The Benefit Estimating Model of the Public Rental Housing Improvement for Public Asset Management -Using the Contingent Valuation Method-. Korea Real Estate Review. 2011; 21(1) 193-208.
Cho, Yongkyung, YoungHo Yoon, Sangyoub Lee. The Benefit Estimating Model of the Public Rental Housing Improvement for Public Asset Management -Using the Contingent Valuation Method-. 2011; 21(1), 193-208.
Cho, Yongkyung, YoungHo Yoon and Sangyoub Lee. "The Benefit Estimating Model of the Public Rental Housing Improvement for Public Asset Management -Using the Contingent Valuation Method-" Korea Real Estate Review 21, no.1 (2011) : 193-208.
