{"id":"https://openalex.org/W1980835528","doi":"https://doi.org/10.7737/kmsr.2014.31.3.095","title":"An Evaluation of the Economic Value of Outsourcing of Water Supply Services Considering Uncertainty of Water Price","display_name":"An Evaluation of the Economic Value of Outsourcing of Water Supply Services Considering Uncertainty of Water Price","publication_year":2014,"publication_date":"2014-11-30","ids":{"openalex":"https://openalex.org/W1980835528","doi":"https://doi.org/10.7737/kmsr.2014.31.3.095","mag":"1980835528"},"language":"en","primary_location":{"id":"doi:10.7737/kmsr.2014.31.3.095","doi":"https://doi.org/10.7737/kmsr.2014.31.3.095","is_oa":true,"landing_page_url":"https://doi.org/10.7737/kmsr.2014.31.3.095","pdf_url":"http://koreascience.or.kr:80/article/JAKO201401458923586.pdf","source":{"id":"https://openalex.org/S4306517766","display_name":"Korean Management Science Review","issn_l":"1225-1100","issn":["1225-1100","2765-5687"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["kci-registered"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Korean Management Science Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"http://koreascience.or.kr:80/article/JAKO201401458923586.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"In-Chan Jeong","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I197347611","display_name":"Korea University","ror":"https://ror.org/047dqcg40","country_code":"KR","type":"education","lineage":["https://openalex.org/I197347611"]},{"id":"https://openalex.org/I4210161052","display_name":"Korea University","ror":"https://ror.org/05m1gnk07","country_code":"JP","type":"education","lineage":["https://openalex.org/I4210161052"]}],"countries":["JP","KR"],"is_corresponding":false,"raw_author_name":"In-Chan Jeong","raw_affiliation_strings":["Graduate School of Information Management Engineering, Korea University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Graduate School of Information Management Engineering, Korea University","institution_ids":["https://openalex.org/I197347611","https://openalex.org/I4210161052"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100683107","display_name":"Jaehee Kim","orcid":"https://orcid.org/0000-0002-5210-2004","observed_orcids":["https://orcid.org/0000-0002-5210-2004"]},"institutions":[{"id":"https://openalex.org/I80611190","display_name":"Jeonbuk National University","ror":"https://ror.org/05q92br09","country_code":"KR","type":"education","lineage":["https://openalex.org/I80611190"]}],"countries":["KR"],"is_corresponding":false,"raw_author_name":"Jae-Hee Kim","raw_affiliation_strings":["Division of Business Administration, Chonbuk National University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Division of Business Administration, Chonbuk National University","institution_ids":["https://openalex.org/I80611190"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5052033296","display_name":"Sheung-Kown Kim","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I197347611","display_name":"Korea University","ror":"https://ror.org/047dqcg40","country_code":"KR","type":"education","lineage":["https://openalex.org/I197347611"]},{"id":"https://openalex.org/I4210161052","display_name":"Korea University","ror":"https://ror.org/05m1gnk07","country_code":"JP","type":"education","lineage":["https://openalex.org/I4210161052"]}],"countries":["JP","KR"],"is_corresponding":true,"raw_author_name":"Sheung-Kown Kim","raw_affiliation_strings":["School of Industrial Management Engineering, Korea University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Industrial Management Engineering, Korea University","institution_ids":["https://openalex.org/I197347611","https://openalex.org/I4210161052"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5052033296"],"corresponding_institution_ids":["https://openalex.org/I197347611","https://openalex.org/I4210161052"],"apc_list":null,"apc_paid":null,"fwci":0.5751,"has_fulltext":true,"cited_by_count":2,"citation_normalized_percentile":{"value":0.77663204,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":94},"biblio":{"volume":"31","issue":"3","first_page":"95","last_page":"111"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9940999746322632,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9940999746322632,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10969","display_name":"Water resources management and optimization","score":0.004999999888241291,"subfield":{"id":"https://openalex.org/subfields/2212","display_name":"Ocean Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11220","display_name":"Water Systems and Optimization","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2205","display_name":"Civil and Structural Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/real-options","display_name":"real options","score":0.6899999976158142},{"id":"https://openalex.org/keywords/option-to-abandon","display_name":"option to abandon","score":0.9879999756813049},{"id":"https://openalex.org/keywords/local-government-infrastructure","display_name":"local government infrastructure","score":0.5699999928474426}],"concepts":[{"id":"https://openalex.org/C2781014177","wikidata":"https://www.wikidata.org/wiki/Q455422","display_name":"Discounted cash flow","level":3,"score":0.7008744478225708},{"id":"https://openalex.org/C46934059","wikidata":"https://www.wikidata.org/wiki/Q61515","display_name":"Outsourcing","level":2,"score":0.6952129602432251},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.6467267274856567},{"id":"https://openalex.org/C97053079","wikidata":"https://www.wikidata.org/wiki/Q1061108","display_name":"Water supply","level":2,"score":0.6083768606185913},{"id":"https://openalex.org/C134560507","wikidata":"https://www.wikidata.org/wiki/Q753291","display_name":"Environmental economics","level":1,"score":0.5657315254211426},{"id":"https://openalex.org/C2780598303","wikidata":"https://www.wikidata.org/wiki/Q65921492","display_name":"Flexibility (engineering)","level":2,"score":0.5146766304969788},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.5089671611785889},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.5016038417816162},{"id":"https://openalex.org/C2780973918","wikidata":"https://www.wikidata.org/wiki/Q7099016","display_name":"Option value","level":3,"score":0.492031067609787},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4045575261116028},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.40343350172042847},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3205109238624573},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.27768564224243164},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.21781158447265625},{"id":"https://openalex.org/C39432304","wikidata":"https://www.wikidata.org/wiki/Q188847","display_name":"Environmental science","level":0,"score":0.12485146522521973},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.09981822967529297},{"id":"https://openalex.org/C87717796","wikidata":"https://www.wikidata.org/wiki/Q146326","display_name":"Environmental engineering","level":1,"score":0.09896686673164368},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.09180009365081787},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.7737/kmsr.2014.31.3.095","doi":"https://doi.org/10.7737/kmsr.2014.31.3.095","is_oa":true,"landing_page_url":"https://doi.org/10.7737/kmsr.2014.31.3.095","pdf_url":"http://koreascience.or.kr:80/article/JAKO201401458923586.pdf","source":{"id":"https://openalex.org/S4306517766","display_name":"Korean Management Science Review","issn_l":"1225-1100","issn":["1225-1100","2765-5687"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["kci-registered"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Korean Management Science Review","raw_type":"journal-article"},{"id":"mag:2131208608","doi":null,"is_oa":false,"landing_page_url":"http://dspace.kci.go.kr/handle/kci/233185","pdf_url":null,"source":{"id":"https://openalex.org/S4306493933","display_name":"\uacbd\uc601\uacfc\ud559","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"\uacbd\uc601\uacfc\ud559","raw_type":null}],"best_oa_location":{"id":"doi:10.7737/kmsr.2014.31.3.095","doi":"https://doi.org/10.7737/kmsr.2014.31.3.095","is_oa":true,"landing_page_url":"https://doi.org/10.7737/kmsr.2014.31.3.095","pdf_url":"http://koreascience.or.kr:80/article/JAKO201401458923586.pdf","source":{"id":"https://openalex.org/S4306517766","display_name":"Korean Management Science Review","issn_l":"1225-1100","issn":["1225-1100","2765-5687"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["kci-registered"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Korean Management Science Review","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/6","display_name":"Clean water and sanitation","score":0.8571000099182129}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1980835528.pdf","grobid_xml":"https://content.openalex.org/works/W1980835528.grobid-xml"},"referenced_works_count":5,"referenced_works":["https://openalex.org/W1487321489","https://openalex.org/W1997219739","https://openalex.org/W2000578291","https://openalex.org/W2138851698","https://openalex.org/W2146612430"],"related_works":["https://openalex.org/W2131208608","https://openalex.org/W888685088","https://openalex.org/W2508685533","https://openalex.org/W2357185752","https://openalex.org/W1981734936","https://openalex.org/W2371372962","https://openalex.org/W2376797051","https://openalex.org/W2805984149","https://openalex.org/W2030198012","https://openalex.org/W2009534731"],"abstract_inverted_index":{"It":[0],"is":[1,89,101,134,146],"essential":[2],"to":[3,51,91,95,103,118],"carry":[4],"out":[5],"an":[6],"economic":[7,54],"analysis":[8,39],"on":[9,35],"public":[10,138],"water":[11,19,58,74,139],"supply":[12,59,140],"projects":[13],"so":[14],"that":[15,128],"policy":[16],"makers":[17],"and":[18,77,97,99,142],"enterprises":[20],"are":[21],"aware":[22],"of":[23,27,56,61,81,131],"the":[24,28,43,53,57,79,93,111,120,137,143,149,153],"actual":[25],"value":[26,80,133,145,150],"project.":[29],"However,":[30],"many":[31],"popular":[32],"approaches":[33],"based":[34],"discounted":[36,154],"cash":[37,47,155],"flow":[38,156],"do":[40],"not":[41],"capture":[42],"uncertainties":[44],"inherent":[45],"in":[46,72,136],"flow.":[48],"In":[49],"order":[50],"analyze":[52],"values":[55],"project":[60,112],"local":[62,105],"governments,":[63],"we":[64,109],"utilize":[65],"real":[66,82,86],"option":[67,87,94,116],"model,":[68],"which":[69],"considers":[70],"uncertainty":[71],"future":[73],"price":[75],"behavior":[76],"captures":[78],"life":[83],"flexibility.":[84],"The":[85,125],"model":[88],"designed":[90],"incorporate":[92],"expand":[96],"abandon,":[98],"it":[100],"applied":[102],"a":[104],"government":[106],"case.":[107],"Furthermore,":[108],"assess":[110],"by":[113],"exploring":[114],"Luehrman's":[115],"space":[117],"accommodate":[119],"more":[121],"efficient":[122],"decision":[123],"making.":[124],"results":[126],"show":[127],"substantial":[129],"amount":[130],"potential":[132],"included":[135],"service,":[141],"overall":[144],"greater":[147],"than":[148],"obtained":[151],"from":[152],"model.":[157]},"counts_by_year":[{"year":2021,"cited_by_count":1},{"year":2017,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
