• Korean Chemical Engineering Research
• /
• v.56 no.4
• /
• pp.496-523
• /
• 2018

The objective of this study is to evaluate the economic feasibility of two fast pyrolysis and biooil upgrading (FPBU) plants including feed drying, fast pyrolysis by fluidized-bed, biooil recovery, hydro-processing for biooil upgrading, electricity generation, and wastewater treatment. The two FPBU plants are Case 1 of an FPBU plant with steam methane reforming (SMR) for $H_2$ generation (FPBU-HG, 20% yield), and Case 2 of an FPBU with external $H_2$ supply (FPBUEH, 25% yield). The process flow diagrams (PFDs) for the two plants were constructed, and the mass and energy balances were calculated, using a commercial process simulator (ASPEN Plus). A four-level economic potential approach (4-level EP) was used for techno-economic analysis (TEA) under the assumption of sawdust 100 t//d containing 40% water, 30% equity, capital expenditure equal to the equity, $H_2$ price of $1050/ton, and hydrocarbon yield from dried sawdust equal to 20 and 25 % for Case 1 and 2, respectively. TCI (total capital investment), TPC (total production cost), ASR (annual sales revenue), and MFSP (minimum fuel selling price) of Case 1 were $22.2 million, $3.98 million/yr, $4.64 million/yr, and $1.56/l, respectively. Those of Case 2 were $16.1 million, $5.20 million/yr, $5.55 million/yr, and $1.18/l, respectively. Both ROI (return on investment) and PBP (payback period) of Case 1(FPBU-HG) and Case 2(FPBU-EH) were the almost same. If the plant capacity increases into 1,500 t/d for Case 1 and Case 2, ROI would be improved into 15%/yr.

• Korean Chemical Engineering Research
• /
• v.54 no.3
• /
• pp.320-331
• /
• 2016

Linze-Donawitz gas (LDG) adjunctively produced in the steel mill contains over 60% of CO. Two processes that recover high purity CO from LDG were considered: COSORB and CO-Pressure swing adsorption (PSA). This study aimed to decide which one is more economically feasible than the other by techno-economic analysis (TEA). From the technical point of view of TEA, the process flow diagram (PFD) was constructed, the mass and energy balances were calculated, and the equipment type and size were determined in order to estimate the total capital investment (TCI) and the total production cost (TPC). From the economic point of view of TEA, economic performance such as return on investment (ROI) and payback period (PBP) was evaluated, and the sensitivity analysis was carried out to identify key factors influencing ROI and PBP. It was found that CO-PSA is more economically feasible due to higher ROI and lower PBP. The CO price highly influenced ROI and PBP.

• Journal of the Korean Solar Energy Society
• /
• v.29 no.6
• /
• pp.14-21
• /
• 2009

The demand and installation for photovoltaic system(namely, PV) has grown steadily in Korea. However, the PV system has a various economic viability according to the PV system characteristic variables such as inverter efficiency, miscellaneous power conditioning losses, azimuth and slope of PV array, PV tracking mode, and so on. The other variables are the monthly consumed electric energy and economic related factor such as initial cost, government subsidy, maintenance cost, inflation rate, energy cost escalation rate, discount rate, etc. Therefore, this study is to present economic evaluation of PV system with those concerned factors by calculating internal rate of return, year-to-positive cash flow and net present value indices.

• The Journal of the Korea Contents Association
• /
• v.12 no.3
• /
• pp.295-310
• /
• 2012

The purpose of this research is to examine qualitative and quantitative performance on SCM. To validate our research model, five hundred survey questionnaires were distributed to the companies that have implemented SCM systems for at least one year. A total of 153 valid responses were obtained. In this research, we were to derive influencing factors of SCM performance, modelize the mutual influential relationship between them, and look into the influential relationship influencing the SCM performance. Moreover, we tried to analyze difference of financial ratios after adopting SCM. The results of the research can be summarized as follows. Change management had a significant impact on information system quality and SCM performance, and, information system quality had a significant impact on SCM performance. And, the difference of financial ratio was existed after the adopting SCM. Moreover, inventory turnover rates, ROI, ROA were increased, and labor costs to sales was decreased.

• Resources Recycling
• /
• v.33 no.3
• /
• pp.3-11
• /
• 2024

This study addressed the cost structure of metallurgical plants for vanadium recovery or production, which were previously planned or implemented. Vanadium metallurgy consists of several sub-processes such as such as pretreatment, roasting, leaching, precipitation, and filtration, in order to finally produce vanadium pentoxide. Here, lots of costs should be spent for such plants, in which these costs are largely divided into CAPEX (Capital Expenditure) and OPEX (Operational Expenditure). As a result, the capacities (feed input rates) and vanadium contents are various along the target projects for this study. However, final production rates and grades of vanadium pentoxide showed relatively small differences. In addition, a noticeable correlation is found between capacities and specific operating costs, in that a steadily decreasing trend is described with a non-linear curve with around -0.3 power. Therefore, for the plant capacity below 100,000 tons per year, the specific operating cost rapidly decreases as the capacity increases, whereas the cost remains relatively stable in the range of 0.6 to 1.2 million tons per year of the capacity. From a technical perspective, effective optimization of the metallurgical process plant can be achieved by improving vanadium recovery rate in the pre-treatment and/or roasting-leaching processes. Finally, the results of this study should be updated through future research with on-going field verification and further detailed cost analysis.

• Journal of Korean Society of Forest Science
• /
• v.74 no.1
• /
• pp.82-87
• /
• 1986

Noticed that large number of the Korean white pine (Pinus koraiensis S. et Z.) has lost its typical excurrent tree from by removal of apical shoot in the process of cone harvesting, the investigation and analysis for the species were made on the basis of the relationship among DBH, total height, merchantable height, and merchantable volume, compared with normally grown Japanese larch (Larix leptolepis Gordon). One hundred sample trees for each species were selected in the same aged stands for the study. Results have indicated that the pine has shown abnormal height growth pattern mainly by the disturbance of external artificial force. The pine's forked and/or crooked stems by the reason lave led the result of less merchantable volume in the same DBH classes. Consequently, the pine would have undesirable tree form in terms of timber production, unless free from apical shoot disturbances. Considered to the merit of the Korean white pine that can produce timber and pine nuts, management alternatives for the pine stand were suggested to achieve maximum rate of return for the silvicultural investment.

• Korea lubricating oil industries association bulletin
• /
• no.18
• /
• pp.12-22
• /
• 1986

국내정유산업의 후방부문인 윤활유사업은 산업의 발전과 함께 국내 진출, 다국적석유기업에 의하여 원료 및 첨가제의 공급에 의한 단순생산과 마아케팅을 하여 국내시장을 지배하여 왔다. 또한 중화학공업의 발달과 함께 산업기계에 요구되는 윤활유제품도 다양화와 품질고급화로 시장구조가 점점 변화되고 있다. 국내윤활유총생산량중 65$\%$의 시장을 가지고 있는 고급윤활유시장은 4개 제조회사에 의하여 96$\%$의 시장을 유지하고 있다. 각 제조회사의 시장확대정책에 의하여 각대리점에 대한 유통경로의 관리가 중요 마아케팅전략음 되고 있는 실정이다. 제조회사의 대형 소비자에 대한 직매, 직영대리점, 일반대리점에 대한 유통기구중 많은 판매비중을 차지하고 있는 일반대리점에 대하여 4P를 기준하여 대리점측 입장에서 마아케팅 믹스를 분석하였다. 제조회사가 판매대리점에 취하는 마아케팅 전략중 직접적인 방법과 간접적인 방법이 시장관리에 나타나는 갈등정도를 가설로 설문지를 작성하여 6월 10일부터 6월 19일까지 경인지역은 조사원에 의한 직접방문과 지방은 등기우편에 의하여 50개 일반대리점에 송부하여 60$\%$의 회수율을 보였다. 응답자료를 통하여 제조회사의 직접적인 시장관리방법과 간접적인 시장관리방법을 사용시 일반대리점에 대한 갈등해소 정도를 상관분석을 통한 통계처리를 하였다. 본 연구결과는 다음과 같은 사실을 얻을수 있었다. 제조회사가 일반대리점에 실시하는 직접적 또는 간접적인 시장관리는 일반대리점에 대하여 갈등해소에 커다란 작용을 하지 못한다. 따라서 제조회사는 유통경로에 대한 전략을 첫째, 일반대리점과 직영대리점과의 시장에 대한 마찰해소 둘때, 대리점에 대한 안정적인 판매이윤제공 셋째, 계획적인 판매대리점간 시장경쟁조정 넷째, R & D 투자강화로 제조회사 차원에서 공동으로 산학협동하여 첨가제 및 상표의 국내개발을 이루어 제품가격인하로 장기적인 시장개발이 요청된다는 결론을 얻었다.

• Applied Chemistry for Engineering
• /
• v.7 no.4
• /
• pp.653-660
• /
• 1996

For oxygen PSA process development, adsorbed amount of oxygen and nitrogen on various adsorbents were measured corresponding Langmuir isotherm parameters were measured. A reasonable adsorbent for oxygen process was selected based on the effective adsorbed amount. The PSA process consists of adsorption, desorption, pressurization, purging and pressure equilization steps. Adsorption pressure was about 2 atm and desorption pressure was between 120 torr to 400torr. Cycle time of 2-bed PSA process was 80 seconds and that of 3-bed oxygen PSA process was 180 seconds. In order to compare and analyze operation characteristics and economic feasibilities of 2-bed and 3-bed oxygen PSA processes, productivity, oxygen concentration and recovery were compared and the effect of purge and pressurization steps on the performance of PSA processes were analyzed. For the commercial scale oxygen PSA process, capital and electricity cost were estimated. In the range of $O_2$ production less than $700Nm^3/hr$, the 2-bed process is conformed more feasible in economic view point.

• Journal of the Korea Society for Simulation
• /
• v.19 no.1
• /
• pp.1-11
• /
• 2010

K company produces semiconductor package products under the make-to-order policy to supply for domestic and foreign semiconductor manufacturing companies. Its production process is a machine-paced assembly line type, which consists of die sawing, assembly, and test. This paper suggests three plans to increase process throughput based on the process analysis of K company and evaluates them via a simulation model using a real data collected. The three plans are line balancing by adding machines to the bottleneck process, product group scheduling, and reallocation of the operators in non-bottleneck processes. The evaluation result shows the highest daily throughput increase of 17.3% with an effect of 2.8% reduction of due date violation when the three plans are applied together. Payback period for the mixed application of the three plans is obtained as 1.37 years.

• Journal of Practical Agriculture & Fisheries Research
• /
• v.26 no.1
• /
• pp.5-15
• /
• 2024

China is the largest producer and consumer of mushrooms, and the development of China's mushroom industry poses a serious threat to Korea, which has similar mushroom production and consumption tendencies. China's mushroom industry produced only 50,000 tons around 1985 when statistical data began to be published, but by 2020, it has developed into an industry with annual production exceeding 40 million tons. The rapid development of the mushroom industry in China is due to high profitability, rapid funds turnover, rapid return on investment, active support from local governments, increased preference and consumption of healthy foods due to increased national income, expansion of overseas exports, and introduction of automated facility cultivation. Recently, there is a high possibility that mushroom production through automated facility cultivation in China will be excessive, so if measures are not taken, there is a high possibility that it will encroach on the Korean mushroom market. Therefore, in order to protect domestic mushroom farmers and industries, it is necessary to accurately identify and analyze the current status of China's mushroom industry.