• Korean Chemical Engineering Research
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• v.44 no.3
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• pp.259-264
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• 2006

The separation and purification of $TaCl_5$is indispensable in the synthetic process of $TaCl_5$by chlorination of tantalum oxide. The reaction products are mainly $TaCl_5$, $NbCl_5$, $TiCl_4$ and $FeCl_2$. However, we need to separate $TaCl_5/NbCl_5$ mixture from the reaction product, because $TaCl_5$ and $NbCl_5$ are easily separated each other by distillation or hydrogen reduction process. In this work, a comparison study was carried out between direct sequence and indirect sequence to obtain $TaCl_5/NbCl_5$ mixture from the reaction product by removing light component, $TiCl_4$ and heavy component, $FeCl_2$ using two distillation columns. It was concluded that the direct sequence gave better results than indirect sequence in the aspect of initial capital costs and the associative operating costs.

• The Journal of the Korea Contents Association
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• v.15 no.12
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• pp.541-549
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• 2015

Research about U.S. and European countries demonstrated that startups and young firms account for nearly all net job creation. If we want to bring down unemployment and to increase economic growth rate, we need to create new companies and to make them to grow. Credit availability is one of the most important factors for entrepreneurs as they attempt to start or expand a business. For young firms, access to credit for business growth can mean the difference between survival and failure. Equity crowdfunding is an innovative means of raising capital for businesses. Crowdfunding campaigns can give new business access to a large pool of investors. This brings huge benefits for marketing and increase provability of success of business and ROI, so it leads follow-on investment from Venture Capital and Angel investors. In Korea, the survival rate of startups and average growth rate of survivors is far lower than those of the U.S or other countries due to lack of funds for startup or early business growth. Equity crowdfunding can be a new funding source for venture or startups. It can increase startup and survival rate, in addition to the growth rate of survivors, resulting in decreased unemployment rate. In Korea, Equity crowdfunding will be available from 2016. Further study is needed to determine whether the impact of crowdfunding in Korea on job creation will be similar to its impact in the U.S.

• Nuclear Engineering and Technology
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• v.21 no.1
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• pp.18-31
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• 1989

To analyze the impact of air pollution control on electricity generation cost, a computer program was developed. POGEN calculates levelized discounted power generation cost including additional air pollution control cost for coal power plant. Pollution subprogram calculates total capital and variable costs using governing equations for flue gas control. The costs are used as additional input for levelized discounted power generation cost subprogram. Pollution output for Rue Gas Desulphurization direct cost was verified using published cost data of well experienced industrialized countries. The power generation costs for the year 2001 were estimated by POGEN for three different regulatory scenarios imposed on coal power plant, and by levelized discounted power generation cost subprogram for nuclear power. Because of uncertainty expected in input variables for future plants, sensitivity and uncertainty analysis were made to check the importance and uncertainty propagation of the input variables using Latin Hypercube Sampling and Multiple Least Square method. Most sensitive parameter for levelized discounted power generation cost is discount rate for both nuclear and coal. The control cost for flue gas alone reaches additional 9-11 mills/kWh with standard deviation less than 1.3 mills/kWh. This cost will be nearly 20% of power generation cost and 40% of one GW capacity coal power plant investment cost. With 90% confidence, the generation cost of nuclear power plant will be 32.6-51.9 mills/kWh, and for the coal power plant it will be 45.5-50.5 mills/kWh. Nuclear is favorable with 95% confidence under stringent future regulatory requirement in Korea.

• Korean Journal of Construction Engineering and Management
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• v.12 no.2
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• pp.81-88
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• 2011

Providers haven't recently had a flexible construction cost estimation system to meet various needs of consumers about public housing. So the subject of this study is to estimate construction cost reasonably in early project stage of public housing and then develop reliable means which is able to support construction cost management and establish a adequate funding investment plan as a provider. In this study, Regression analysis was performed by the case on 20 public apartment complex which were designed from the first half of 2007 to the first half of 2008. A total construction cost of construction, civil engineering, machinery, elevator, land scape, electricity and communication work was used as one sample for increasing explanation and representativeness of the case. In addition, The total construction cost which is devided into design, contract and completion cost was variously analysed for increasing relevance of model and actual utilization. The result of estimation model based on a total construction cost set up completion and design cost showed that error rate is within 2%, which is a excellent result. The estimation model of the construction cost developed by this study is expected to estimate approximate construction cost which is adjacent real construction cost in early stage of the project by using some data.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.15 no.2
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• pp.193-208
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• 2020

In this study, we investigate the effects of technology innovation investments and employment on credit ratings of very small start-up businesses using the data period of 2009 till 2015 test two hypotheses: asymmetric information hypothesis or competence hypothesis. We use financial and non-financial data of 51,903 observations of 12,028 small businesses from a database of a commercial bank and fixed effects panel models and two-stage instrumental variable models. We find that in the short-run small size startups show lower credit ratings than non-startups, and that both technology innovation activities and employment capability improve their credit ratings. In the long-run, technology innovation investments do not improve their credit ratings of later years while employment capability improve their credit ratings of the subsequent year. In addition, the age of startups improves their credit ratings of the current year and until the subsequent two years while employee productivity, fixed ratio and ROA positively affect their credit ratings for up to three years. However, short-term and overall debt ratios, cost of borrowings and firm-size negatively affect their credit ratings for up to three years. The results of the study on credit ratings suggest that credit rating agencies seem to consider both technology innovation activities and employment capability in the credit ratings of small start-ups as 'competence factors' rather than 'asymmetric information factors' with inefficiency and cost burdens. The results also suggest that we must find ways to reflect properly the severe asymmetric information of the early-stage start-ups, and technology innovation activities and employment capability in the credit rating formula.

• Journal of Korea Port Economic Association
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• v.32 no.1
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• pp.123-133
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• 2016

LNG(Liquefied Natural Gas) bunkering has become an important issue with the enforcement of environment regulations in shipping industry required by the International Maritime Organization (IMO). With increased attention on LNG bunkering, many studies that focus on safety, regulation, demand forecasting, and the feasibility of LNG fueled ships have been carried out. However, most of the existing research has not included considerations of the price of LNG bunkering and its competitiveness. This paper, therefore, suggests ways to increase price competitiveness in the LNG bunkering market in the Busan Port. This paper analyzes the LNG bunkering supply mechanism by investigating various LNG bunkering terminal business in the LNG supply market. Factors that determine LNG bunkering price and its elasticity are also identified. Market players who want to operate LNG bunkering terminals in the Busan Port should introduce a merchandising trade method that is able to exclude the "Korea premium" in order to increase price competitiveness. This paper also suggests adoptable strategies such as the use of TPS (Terminal to Ship via Pipeline) type of bunkering service and the importance of location for minimizing initial investment cost.

• 한국신재생에너지학회:학술대회논문집
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• 2010.06a
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• pp.246.2-246.2
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• 2010

본 연구는 저탄소 녹색성장의 국가 정책에 맞추어 주류 제조과정에서 발생하는 생전분발효 부산물인 주박(酒粕, 술지게미)을 펠릿화(pellet) 하는 것이 목적이다. 주류 제조과정에서 발생하는 주박을 100g당 물 100ml 비율로 섞어 충분히 반죽 후 녹즙기로 압축 성형화 하는 과정을 대신 하여 주박을 뽑았다. 이 주박을 온열 건조기에서 20시간이상 건조 시키면 완성이 된다. 주박펠릿은 폐기물을 재활용한 것이기 때문에 열량-가격대비를 비교해 보았을 때 등유 8950kcal-1000원/L, 경유 9050kcal-1433원/L, 면세경유 9050kcal-821/L, 우드 1812kcal-400원/kg, 주박 1989kcal-200원/kg으로 훨씬 저렴하며 열량도 높다. 주류업체에서 주박을 폐기물 처리하므로 가격 책정은 어렵다. $CO_2$ 발생량도 적어 온실가스를 절감시킬 수 있는 친환경적인 청정연료이다. 또한 연료로서 운송, 저장 및 보관이 편리하다. 주류업체도 주박 처리로 인해 연간 12억 정도 사용된다. 폐기물을 에너지화 함으로써 타 신재생에너지에 비해 초기 투자 비용이나 연료비가 저렴하다. 그리고 태우고 남은 회분은 토양개량제로 다시 재활용 되기 때문에 무해백익하다. 현재 폐목재를 사용한 우드펠릿은 원료를 수입해야 한다는 점과 삼림자원의 부족시 문제가 발생할 수 있다. 그리고 폐목재를 분쇄한 후 가공 및 성형을 해야 하기 때문에 주박이 효율성이 좋다. 현재 세계에서 가장 많이 사용되고 있는 석유나 화석연료의 매장량이 고갈 되어가고 있다. 하지만 주박은 술이 사라지지 않는 한 계속적으로 발생하기 때문에 무궁무진하게 사용이 가능하다. 또한 주류 제조시 발생하는 주박은 바로 성형 및 가공이 용이하다. 현재 주박으로 만든 펠릿은 전 세계적으로 전무하다. 막걸리 및 전통술의 특화사업으로 주박량은 더욱 증가하고 있다. 더욱이 2012년부터 해양 투기 금지로 주박 폐기물 처리가 힘들어진다. 주박 폐기물을 펠릿화해서 에너지원으로 사용하면 해결이 된다. 주박의 에너화를 통해 재생산의 열원으로 사용되고 펠릿을 연료원과 더불어 기계적인 시스템을 개발한다면 저탄소 녹색성장인 국가 정책과 부합된 미래형 에너지가 될 것이다.

• Korean Journal of Construction Engineering and Management
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• v.8 no.2
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• pp.75-83
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• 2007

Recently, the Design-Build (DB) delivery method in public sector makes some argument by reason of the initial cost which is more higher than those of Design-Bid-Build (DBB). According to the results of pervious researches related to the performance evaluation of delivery method, DB can lead the reduction of project cycle time and also is superior to the traditional DBB in terms of construction quality. The performance on each delivery method could be generally evaluated by a project cost and a project cycle time as one of quantitative analyses, and also by construction quality as one of qualitative analyses. In most researches, the evaluation of performance level based on delivery methods has been evaluated by the degree of their satisfaction through the interview with owners. Therefore, this paper analyzed the design documents of construction projects delivered by traditional DBB and DB in bridge construction projects in order to measure design quality, constructability, maintainability, and etc. As an above-mentioned analyses, finally, this research shown that how much the difference of performance level is by each delivery method.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2008.11a
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• pp.905-908
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• 2008

The BTL project, 4 years since its operation, has benchmarked the PFI Project in Japan and has been introduced. Given the evaluation step to select a preferred bidder, in a technological factor, the basic plans are corrected and complemented, whereas in a price factor, the low price bidding system is being enforced. There is concern that how to select preferred bidders and how to operate project costs during operation and management period may be problematic. Thus, in this study, using the Analytic Hierarchy Process, the method of deciding the pribrity to select preferred bidders in an early stage of the project and the evaluation model to evaluate the validity of BTL project expenses in process of project enforcement are established. Targeting the group. composed of experts who have experiences in the BTL project. Then, the levelling of evaluation factors and grouping have been carried out as following: LCC analysis and disbursement for government including two more detailed factors.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.18 no.5
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• pp.571-580
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• 2017

Since the KONEX market was launched in 2013, many studies of the market have focused on policy reports and management of the market. In this study, we analyzed the impact of training and employee benefits expenses on business performance in the KONEX market in comparison with firms in the KOSDAQ 100. The expenses associated with employee training and benefits can have an overlapping power when explaining the business performance. To determine the net effect of each variable on business performance, we used regression by successive orthogonalization. The training and the employee benefits expenses in both markets showed a positive effect on business performance. However, in the KONEX market, we found that the lag effect of training expense to business performance was relatively smaller than in the KOSDAQ 100. This difference may be related to problems such as short continuous service and frequent turnover of SMEs in Korea, and implies that overall human resource management should be implemented to increase the efficiency of training expenses.