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A Basic Atudy on the Economic Feasibility Analysis of Busan Central Library Construction

Kang Heekyung 1 CHANG, DURK HYUN 1 Soosang Lee 1

1부산대학교

Accredited

ABSTRACT

The purpose of this basic study is to examine the economic feasibility analysis of Busan Central Library, which was included the construction feasibility analysis conducted as one part of the Busan Central Library Construction Master Plan. To achieve the purpose of this study, it was accomplished to do Benefit-Cost analysis, Net Present Value, Internal Rate of Return. CVM(Contingent Valuation Method) was used for calculating the benefit; we investigated two CVMs for Busan Central Library, which are for central construction site and for outer construction site. The results show that the construction of Busan Central Library in the central site would be feasible from the economic point of view. On the contrary, the construction in the outer site would not be feasible economically.

Citation status

* References for papers published after 2022 are currently being built.