• Journal of Climate Change Research
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• v.1 no.3
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• pp.219-226
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• 2010

This study is analyzed the financial feasibility of biomass power plant in China in terms of fuel marginal price of biomass power plant. The range of fuel price is 150~300 RMB and IRR(Internal Rate of Return), NPV(Net Present Value), DSCR(Debt Service Coverage Ratio) and operation time are analyzed by 10 RMB from 150 RMB. The sensitivity of IRR went down by 1.35 on average. The sensibility of NPV showed big difference by 20% on 260 RMB and 270 RMB. In addition, DSCR of loan is at 1.0 at raw cost of 242 RMB and at lower than 1.0 when the raw cost over 242 RMB. It means that the pay-off of principal and interest of the loan is expected to be difficult in that case. The operation time of power plant should be 88% against standard operation time to maintain over 1.0 of DSCR. Therefore, the factors affecting the cost of raw material to build the power plant and to operate it should be prioritized.

• Nuclear Engineering and Technology
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• v.11 no.4
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• pp.263-274
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• 1979

A statistical approach is used to investigate the relative economic advantages of pressurized water reactor (PWR) and pressurized heavy water reactor (PHWR-CANDU) nuclear power plants for hypothetical 900Mwe systems with the throwaway fuel cycle to be built in the Republic of Korea. Power cost is decomposed into the cost components related to the plant capital, operation and maintenance, working capital requirements and fuel cycle operation. The calculation of construction cost is performed with the modified version of computer code ORCOST, and the modified POWERCO-50 is used to evaluate the cost components. Most of economic parameters are treated as statistical variables, each being given with a certain range. Through a random sampling procedures. the probability histograms on unit plant construction costs and power generating costs are obtained. The power cost probability histograms of the PWR and the PHWR plants overlap considerably, and the power costs of two systems appear to be almost same with the PHWR power cost being 0.4mil1/kwh lower compared with 39.4 mills/kwh for the PWR plant (July 1986 US-dollars). When a construction period of PHWR plant is longer by one year than that of PWR plant, there is no difference in the unit power cost of two plants. This comparison leads to no definite conclusion on the cost advantage of the PWR plant versus the PHWR plant. We conclude that the selection issue of nuclear power plants in Korea still remains an open question and that future effort to solve this question should be made toward economic quantification of those factors such as technology transfer and localization.

• Applied Chemistry for Engineering
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• v.31 no.6
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• pp.660-667
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• 2020

This study focused on the epoxy resin production process, which uses the steam of 155 ℃ or higher as a heat source, and discards all condensate generated. A part of the process is operated at low temperatures of 70 ℃ or below, thus there are opportunities to reduce the steam consumption by recycling wasted condensate as a heat source for the low temperature section of process. In this study, we developed process models that can reduce steam by recovering waste heat through recycling condensate and conducted a case study to find an optimal condensate recycling system. Three different process designs were proposed and economic evaluations were performed by comparing annual capital costs and steam savings in each case. Finally, an annual steam consumption of the low-temperature section could be reduced by up to 67.6%, which could also bring an additional economic benefit of 522.1 million won/yr.

• Korea Trade Review
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• v.42 no.5
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• pp.233-252
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• 2017

The fast changes of global financial environment in recent years increase the risk of trade settlement. This means are required to minimize risk of non payment and to maximize secure payment. Open Account trade accounts for 90% of global trade flows. The O/A system means that the goods, along with all the necessary documents, are shipped and delivered before payment is due, usually within a time frame from 30 to 90 days. Meanwhile, Korean small and medium-sized export enterprises are compelled to globalize their activities owing to limitation and competitiveness of domestic marketplace. To keep face with the global trade settlement system and to support globalization of small and medium-sized export firms, the BPO together with Supply Chain Finance will be solutions. The introduction of the BPO system will allow banks to broaden O/A offerings to their client base and due to secure safety, sellers could ship the goods without delay according to orders and buyers could settle promptly by payment undertaking of correspondent banks. Therefore, it is more effective for companies which have sustainable customers and stable transaction. This study take a look at the trend of the global payment systems and suggested limitation of existed payment in order to derive improvement measures of electronic payment for small and medium-sized export enterprises.

• Tunnel and Underground Space
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• v.27 no.1
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• pp.12-25
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• 2017

In local underground mines heavily depending on the natural ventilation, ducted fan auxiliary ventilation system is strongly recommended instead of the total mine ventilation system requiring large capital and operating costs. Optimizing the installation of ducted fans in series in long large-opening mines is required to assure the economy and efficiency of the ventilation system. The two most critical design parameters for optimization are the wall separation distance and gap length between adjoining ducts. This study aims at deriving the optimal values for those two parameters concerning the economic and environmental aspects through the extensive CFD analysis, which minimizes pressure loss, leakage and entrainment of the contaminated air in the gap space. The ranges of the wall separation distance and gap length for study are selected by taking into consideration the existing recommendations and guidelines. The ultimate goal is to optimize the auxiliary ventilation system using ducted fans in series to provide a reliable and efficient solution to maintain clean and safe workplace environment in local long underground mines.

• Journal of Korea Technology Innovation Society
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• v.20 no.2
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• pp.368-386
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• 2017

The purpose of this study is to present the technology value model based on profit approach and IITP practical guide for Ethernet network technology, which is the core technology of autonomous vehicles and connected cars in the hyper-connected industry. In-vehicle network, Ethernet technology, Ethernet port count, port pricing, and application data for technology assessment are sources of global market research organizations. The data on the company's COGS (Cost of Goods Sold), operating capital requirement, capital expenditure, and income statement data are used by the Bank of Korea's Business Analysis Report. According to the results of the study, the product market size was estimated to be US $470.3 billion and the technology market size was $52.1 billion over the seven years of economic life cycle of technology. The market value of the technology was estimated to be $260 million reflecting the possibility of entry into the market. In the case of the corporate management analysis report, the average value of the IITP and the top 25% were $0.7 million and $40.2 million, respectively. -27.8 million, and -73.6 million dollars respectively. This implies that government support for policy support is needed when conducting corporate R&D with high cost-to-sales ratio. The results of this study can be used as a reference for the evaluation of technology demand based ICT R&D technology in the industrial internet market in the fourth industrial revolution era.