Defense offset has been implemented by a countertrade obligation in defense acquisition contracts between purchasing countries and foreign selling companies in the global arms market. It gives the buyer a valuable opportunity to acquire not only defense R&D technologies, but also parts production and other advantages. Even though the importance of defense offset trade is greatly increasing today, purchasing countries still need more objective and credible valuation methods by mutual agreement in defense offset contracts.Whereas the income approach is widely used for commercial fields, it is rarely applied to defense acquisition projects. This paper presents the income approach-based technology valuation model in the defense offset program of the Republic of Korea. The contribution of this paper is in the application of the Defense Offset Valuation with INcome approach (DOVIN) model and its empirical implementations to defense offset contracts. It also shows several policy implications that could be applied to the defense offset program.
Bio diesel has advantages to reduce GHG(Greenhouse Gas) compare with the fossil fuel by using oil comes from plant/animal sources and even waste such as used cook oil. The diversity of energy feeds brings the positive effects to secure the national energy mix. In this circumstance, micro-algae is one of the prospective source, though some technical barriers. We analyzed the bio diesel which was derived from Dunaliella tertiolecta LB999 through the BD100 quality specifications designated by the law. From that result, it is revealed that the oxidation stability is one of the properties to be improved. In order to find the reason for low oxidation stability, we analyzed the oxidation tendency of each FAME components through some methods(EN 14111, EN14112, EN16091). In this study, we could find the higher double bond FAME portion, the more oxidative property(C18:1
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