• Environmental and Resource Economics Review
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• v.16 no.3
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• pp.485-510
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• 2007

The purpose of this paper is to empirically analyze the economic effect of energy saving investment on the improvement of energy intensity. The data used in this paper are panel data, both time-series and cross-section data. In addition, eight manufacturing sectors has been divided into two groups: massive energy consuming (four industries) and non-massive energy consuming (four industries) ones and the time period of analysis is from 1982 to 2004. According to the empirical results, firstly, energy saving investment has a negative relationship with energy intensity, however, its effect is not high in terms of absolute volume of energy consuming. Secondly, in improving energy intensity of energy saving investment, its elasticity IS higher in non-massive energy consuming sector compared it with massive energy consuming sector. Thirdly, automation investment is also playing an important role in energy conservation. The elasticities of automation investment to energy intensity are larger than those of energy saving investment. In terms of the reduction of greenhouse gas per investment unit cost, however, energy saving investment has larger effect than automation investment.

• Journal of the military operations research society of Korea
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• v.35 no.2
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• pp.99-117
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• 2009

Energy is essential factor of production for a firm to produce goods and services. If so, what is the condition of maintaining profit of a firm when energy price is going up? In conclusion, the condition is that the rate of productivity improvement should be greater than the rate of energy price increase. To put this concretely, when the elasticity of energy price as to the productivity improvement is greater than the weight of the energy cost on to the total revenue of the firm, the firm can escape the negative effect of energy price increase. This is that, saying that once more, the firm have to reduce the energy cost or promote energy efficiency to maintain appropriate or sufficient profit when energy price is going up fast. Therefore, in this study we will analyze the effect of the oil price increase on the energy saving investment and that of energy saving investment on the energy efficiency in the field of Korean manufacturing industry. In doing so, this study could show that the effect of energy price increase on the energy efficiency of the firm and the factor of that mechanism.

• The Magazine for Energy Service Companies
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• s.38
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• pp.78-81
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• 2006

지역난방공사 광주에 구역형 집단에너지사업 추진/대한상의 기업 70% 에너지절약 설비 투자계획/미국 수소불화탄소 줄이기 운동/산업자원부 올신·재생에너지 지원금 4095억원/윌로펌프 세계최초 저소음 상향식 가압펌프 개발/한국수자원공사 시화호조력발전단지 CDM사업 승인/포스코건설 고양시 환경에너지시설 사업자 선정/산자부 제1차관에 김종갑 특허청장 내정/열병합발전협회 정기총회 및 이사회 개최/에관공 M&V보완·관리업무 ESCO영역 추가/청주도시가스 열병 합 발전 설명회 열어/뉴욕주 에너지 절약 납세자에 세금감면 혜택/삼성엔지니어링 매출액은 감소,순이익은 증가/한국하니웰 A&S International의 '2005 올해의 우수제품'에 선정/에너지경제연구원 아주대 인력양성 MOU체결/코오롱정보통신 "에너지 서비스사업 진출"

• The Magazine for Energy Service Companies
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• s.11
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• pp.70-77
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• 2001

이 연구는 미국의 ESCO에 의하여 개발된 800개 가량의 데이터베이스를 바탕으로 작성된 것이다. 이 프로젝트들은 누적 투자액이 14억달러에 달하는 에너지 효율 프로젝트를 대표하며 공공연히 이용할 수 있는 ESCO사업의 가장 포괄적인 역사적인 ''스냅 사진''들이다. 우리들은 ESCO프로젝트의 지리적 배분에 대한 정보를 제공하고 시간이 거듭될수록 다양한 분야에서 ESCO들에 의해 행해지는 프로젝트 개발 활동을 분석하며 견적 대비 실제의 입증된 에너지 절감효과를 분석했다. 우리는 또한 다양한 시장 분야(예를 들면, 프로젝트 비용, 건축면적 등)에서의 핵심적인 프로젝트의 특징을 요약하며 이들 프로젝트들을 개발함에 있어서 ESCO들이 의존하는 다양한 형태의 에너지설비 프로그램의 범위에 대하여 논의한다. 우리는 또한 연구로부터 주요한 몇 가지의 정책의 연관에 대하여 언급한다; (1) 중요한 민간 부문의 에너지 효율 활동이 있는 시장, (2) 민간 부문의 활동의 추세와 공공의 목적 또는 지방세 납세자 기금 프로그램과의 관계

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.2
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• pp.21-27
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• 2018

FRN (Full range Naphtha) is distilled from crude oil in a Naphtha Splitter Unit and is separated into the Light Straight Naphtha, Heavy Naphtha, and kerosene according to the boiling point in sequence. This separation is conducted using a series of binary-like columns. In this separation method, the energy consumed in the reboiler is used to separate the heaviest components and most of this energy is discarded as vapor condensation in the overhead cooler. In this study, the first two columns of the separation process are replaced with the Petlyuk column. A structural design was exercised by a stage to stage computation with an ideal tray efficiency in the equilibrium condition. Compared to the performance of a conventional system of 3-column model, the design outcome indicates that the procedure is simple and efficient because the composition of the liquid component in the column tray was designed to be similar to the equilibrium distillation curve. An analysis of the performance of the new process indicated an energy saving of 12.3% under same total number of trays and with a saving of the initial investment cost.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.33 no.1
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• pp.305-316
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• 2013

To find out if modern roundabout is still effective under drivers behavior and driving conditions in Busan Metropolitan City, the effects before and after introduction of roundabout were analyzed. According to analysis on velocity profile at roundabout, velocity deviation decreased, and average vehicle speed was close to design speed. As a result, it has been confirmed that most roundabouts were properly built. In terms of traffic operation, average vehicle speed improved by 87.2% when a traffic intersection was replaced by a roundabout. therefore, it has been found out that the introduction of roundabout has a positive effect on increasing vehicle speed by reducing traffic congestion. In addition, annual benefits expected from the replacement from a traffic intersection to a roundabout were KRW 872 million as follows; KRW 410 million in traffic communication, KRW 39 million in transportation safety, KRW 255 million in energy saving, KRW 95 million in reduction of air pollution and KRW 73 million in reduction of traffic signal installation cost. In other words, if 10% (193 spots) of all traffic intersections (1,926 spots in total) in Busan City are replaced by roundabouts, the municipal authority would be able to save about KRW 168.3 billion. According to analysis on the benefits expected from the installation of roundabouts compared to the investment cost for traffic intersections, about KRW 679 million could be saved per roundabout. Considering 10% of all traffic intersections in the City of Busan, about KRW 131 billion could be saved annually. The traffic accidents in roundabout usually occur because drivers aren't aware of right-of-way rules. Once the right-of-way rules settle, the number of traffic accidents would significantly decrease. In addition, it is urgent to promote education and campaign for drivers, pedestrians and bikers on the roundabout.