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A Study on the Economic Feasibility of Constructing the Maritime and Ocean Digital Library

Yong-Sik OH 1 Jin-Yong Hwang 2 YONG JAE LEE 3

1한국해양대학교
2한국해양대학교 무역학과 박사과정
3부산대학교

Accredited

ABSTRACT

As a part of the feasibility study of constructing the Maritime and Ocean Digital Library, we focused to examine the basic economic feasibility of the library in this study. In order to achieve the purpose, we analyzed related governmental policies, investigated the demand of the digital library, and tested the economic feasibility. As the tools of economic test, we calculated the size of benefit by Contingent Valuation Method, and estimated the Benefit/Cost Ratio, Net Present Value and Internal Rate of Return. As the result, we could get an assessment of positive economic feasibility mainly from the quite high level of WTP for the Maritime and Ocean Digital Library.

Citation status

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