This paper presents the economic validity with the cost/benefit analysis on establishing R&D Supreme Academy. To evaluate the profitability of R&D Supreme Academy, willingness to pay (WTP) is measured by contingent valuation method (CVM) and then the net present value (NPV), internal rate of return (IRR) and benefit/cost ratio(BCR) are calculated. The results of economic evaluation verified that the establishment of R&D Supreme Academy is timely and effective in an economic perspective.

• 임창주 | Lim, Chang-Joo
• 김상영 | Kim, Sang-Yung
• 백낙기 | Baek, Nak-Ki
• 오세홍 | Oh, Sea-Hong
• 서종현 | Seo, Jong-Hyen