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The Economic Feasibility Analysis of A Children’s Library Construction: The Case of C Innovation City

CHANG, DURK HYUN 1 Bon Jin Koo 1

1부산대학교

Excellent Accredited

ABSTRACT

Local innovation cities that have recently been being constructed have a large share of the population with highly educated young family with children. There are high demand for children’s libraries because of this high percentage of children in the population. In this regard, this study analyzed the economic feasibility of establishing a new children’s library in an innovation city as viewed through the case of the C innovation city, where population inflows are increasing recently. In this study, based on a survey, we conducted a cost benefit analysis, as estimating the cost of constructing the library and calculating the benefits from the construction. The economic feasibility was analyzed by calculating the benefit cost ratio, net present value, and internal rate of return.

Citation status

* References for papers published after 2023 are currently being built.