This study is to evaluate economic effect of the creation project of Octopus Ochellatu spawning and habitat ground in Taean County. The main results of this study are summarized as follows: first, the creation project cost of Octopus Ochellatus spawning and habitat ground invested in Taean from 2015 to 2017 was 3,400 million won. Second, The creation project of Octopus Ochellatus spawning and habitat ground directly provides fishing benefits, recreational boat fishing benefits, festival benefits, research and development benefits, and employment benefits. Third, on the basis of above benefits, the creation project of Octopus Ochellatus spawning and habitat ground has a net present value of 14,478 million won, internal rate of return 60.8%, and benefit-cost of 5.03 under a 4.5% social discount rate. Also, the creation project creates 47 jobs. This indicates that the creation project of Octopus Ochellatus spawning and habitat ground contributes not only to the increase in the income of coastal fishery, recreational boat fishing business and fishing villages but also to the job making. In conclusion, with all these results, a project for making spawning grounds and habitats in the specified region gives species more numerically abundant and this gives more profits to fishermen in the coastal area. In addition, this project helps to make attractions to visitors or people who came to those specified regions to participate in events or have recreation, which means it improves profits to that fishing village and improve a settlement condition.

Abstract
 Ⅰ. 서 론
 Ⅱ. 태안군의 주꾸미 산란ㆍ서식장 조성사업 현황 및 주요 인식도 조사
  1. 태안군의 주꾸미 산란·서식장 조성사업 현황
  2. 주요 인식도 조사 결과
 Ⅲ. 주꾸미 산란ㆍ서식장 조성사업의 편익 추정모형 및 평가방법
  1. 의의
  2. 주꾸미 산란·서식장 조성사업의 편익 추정모형
  3. 경제성 평가방법
 Ⅳ. 편익의 추정 및 경제성 평가 결과
  1. 일반적인 가정
  2. 편익의 추정 결과
 Ⅴ. 요약 및 결론
 REFERENCES

• 강석규(제주대학교 경영학과) | Seok-Kyu Kang (Department of Business Administration, Jeju National University) Corresponding author