• International conference on construction engineering and project management
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• 2013.01a
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• pp.219-225
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• 2013

State transportation agencies utilize fleets of heavy equipment to construct and maintain roadways. Equipment cost models can be developed to forecast economic life, which is the point at which the average unit cost to date reaches a minimum. A calculated economic life and cost models can be used to quantify the impacts of management strategies applied to a fleet. The purpose of this research was to develop an accurate method of quantifying the results of management strategies applied to a fleet of heavy construction equipment. The strategies evaluated are related to the annual usage of the fleet and the size of the fleet. More specifically the methodology is used to adjust the economic model to consider a limit to the annual decline in machine usage and a reduction in the number of machines in the fleet. When limiting annual machine usage, a specified rate is applied to the usage of the fleet, while total usage is held constant. This causes aging at a modified rate. A reduction in fleet size also causes a change to the usage of a fleet as the fleet must use fewer machines to produce the same total usage.

• Journal of Preventive Medicine and Public Health
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• v.43 no.4
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• pp.352-361
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• 2010

Objectives: This study estimated the annual socioeconomic costs of food-borne disease in 2008 from a societal perspective and using a cost-of-illness method. Methods: Our model employed a comprehensive set of diagnostic disease codes to define food-borne diseases with using the Korea National Health Insurance (KNHI) reimbursement data. This study classified the food borne illness as three types of symptoms according to the severity of the illness: mild, moderate, severe. In addition to the traditional method of assessing the cost-of-illness, the study included measures to account for the lost quality of life. We estimated the cost of the lost quality of life using quality-adjusted life years and a visual analog scale. The direct cost included medical and medication costs, and the non-medical costs included transportation costs, caregiver's cost and administration costs. The lost productivity costs included lost workdays due to illness and lost earnings due to premature death. Results: The study found the estimated annual socioeconomic costs of food-borne disease in 2008 were 954.9 billion won (735.3 billion won-996.9 billion won). The medical cost was 73.4 -76.8% of the cost, the lost productivity cost was 22.6% and the cost of the lost quality of life was 26.0%. Conclusions: Most of the cost-of-illness studies are known to have underestimated the actual socioeconomic costs of the subjects, and these studies excluded many important social costs, such as the value of pain, suffering and functional disability. The study addressed the uncertainty related to estimating the socioeconomic costs of food-borne disease as well as the updated cost estimates. Our estimates could contribute to develop and evaluate policies for food-borne disease.

• Journal of the Korea Institute of Building Construction
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• v.8 no.1
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• pp.37-42
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• 2008

As use of construction equipment has been increasing continuingly, the proportion of equipment expense to the total construction cost has become higher. However, there is a difference between the equipment expenses section in 'Poom-Sam' and practical data, because 'Poom-sam' does not consider non-working days due to weather conditions, legal holidays and management conditions. Therefore, 'Poom-Sam' does not present a reasonable standard for estimating construction equipment expenses. In this study, to estimate realistic construction equipment operating hours, firstly, construction equipment was classified according to work, and weather conditions, in which each work could not be executed, were established. Then, weather data on Seoul and Busan($2004{\sim}2006$) and legal holidays were analyzed to suggest annual standard operating hours. The annual standard operating hours of earthmoving & excavating, compaction, and drilling equipment was estimated to be 1,430 hours, and lifting equipment, concrete paving equipment, asphalt paving equipment, concrete equipment, and crushing & conveying equipment were estimated to be 2,124 hours, 1,156hours, 1,188hours, 1,688hours, and 2,152hours respectively.

• Journal of Electrical Engineering and Technology
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• v.12 no.2
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• pp.981-987
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• 2017

In this paper, we estimate the economic benefits of Energy Storage Systems (ESSs) for peak load shaving in an urban railway substation using the annual cost. The annual investment cost of ESSs is estimated using Net Present Value (NPV) and compared with the cost reduction of electricity by the ESS. The optimal capacities of the battery and Power Converting System (PCS) are determined for peak load shaving. The optimal capacity of the ESS and the peak load shaving is determined to maximize the profit by the ESS. The proposed method was applied to real load data in an urban railway substation, and the results show that electric power costs can be reduced. Other aspects of the ESS, such as the lifetime and unit price of the battery, are also investigated economically.

• Proceedings of the SAREK Conference
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• 2009.06a
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• pp.928-933
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• 2009

The purpose of this study is to examine the energy consumption, carbon dioxide emission & energy cost of district heating using sewage source. The annual TOE of heat pump using sewage source save 37.1 percent than city gas boiler. And annual carbon dioxide emission of heat pump cut down 41.3 percent than city gas boiler. If it charges the rate schedule for district heating to apartment resident, collected amount are 3,127,170 thousand won. As energy cost of heat pump & circulation pump are 1,378,072 thousand won. the profits are 1,749,098 thousand won. As payback period is 8.97years, applicability is low level. However, it has advantages in energy consumption, carbon dioxide emission & energy cost. Therefore, it needs to proceed through government assistance.

• Proceedings of the SAREK Conference
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• 2008.06a
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• pp.214-219
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• 2008

In this study, medium capacity EHP and GHP for air-conditioning a building with a floor area of $1,200\;m^2$ are compared economically. To consider all the factors of initial and operation costs effectively, an annual equal payment method is proposed. For the initial cost, equipment, construction, installation, electric facility, financial subsidy and tax cut are considered. Basic electricity, energy(electricity and gas), space charge, labor, insurance and repair are considered for the operation cost. Under the assumptions made in this study, overall cost of EHP is less than that of GHP. However, different outcome may result if different assumptions are made. This study is useful for performing an economic evaluation of various air-conditioning systems.

• Journal of the Korean Solar Energy Society
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• v.32 no.1
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• pp.56-66
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• 2012

This study evaluated the economic benefits by comparing Cooling-Heating System with the existing system in the public library. The building's annual energy consumption was measured by adding the figures of the absorber chillers, the air conditioners and heaters in the building. The total amount of annual energy consumption was 143.51RT in air-conditioning and 83.66RT in heating. So, We made the capacity of geothermal heat pumps three 50RTs in order to check up this system. In order to estimate each construction and equipment cost and to evaluate economical efficiency, LCC(Life Cycle Cost) method was used and the service life of the building was sixty years. The result of analysis was that the geothermal cooling-heating system was more efficient than the existing system in public library.

• Membrane and Water Treatment
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• v.10 no.1
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• pp.75-82
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• 2019

In a highly urbanized area, land availability is limited for the installation of space consuming stormwater systems for best management practices (BMPs), leading to the consideration of underground stormwater treatment devices connected to the stormwater pipe system. The configuration of a stormwater pipe network determines the hydrological and pollutant transport characteristics of the stormwater discharged through the pipe network, and thus should be an important design consideration for effective management of stormwater quantity and quality. This article presents a multi-objective optimization approach for designing a stormwater pipe network with on-line stormwater treatment devices to achieve an optimal trade-off between the total installation cost and the annual removal efficiency of total suspended solids (TSS). The Non-dominated Sorted Genetic Algorithm-II (NSGA-II) was adapted to solve the multi-objective optimization problem. The study site used to demonstrate the developed approach was a commercial area that has an existing pipe network with eight outfalls into an adjacent stream in Yongin City, South Korea. The stormwater management model (SWMM) was calibrated based on the data obtained from a subcatchment within the study area and was further used to simulate the flow rates and TSS discharge rates through a given pipe network for the entire study area. In the simulation, an underground stormwater treatment device was assumed to be installed at each outfall and sized proportional to the average flow rate at the outfall. The total installation cost for the pipes and underground devices was estimated based on empirical formulas using the flow rates and TSS discharge rates simulated by the SWMM. In the demonstration example, the installation cost could be reduced by up to 9% while the annual TSS removal efficiency could be increased by 4% compared to the original pipe network configuration. The annual TSS removal efficiency was relatively insensitive to the total installation cost in the Pareto-optimal solutions of the pipe network design. The results suggested that the installation cost of the pipes and stormwater treatment devices can be substantially reduced without significantly compromising the pollutant removal efficiency when the pipe network is optimally designed.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.19 no.6
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• pp.470-475
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• 2007

The present study has been conducted economic analysis through actual operation of electric heat pump (EHP) and gas engine driven heat pump (GHP) which are installed at the same building in the university. Cost items, such as initial cost, annual energy cost and maintenance cost of each system are considered to analyze life cycle cost (LCC) and economical efficiencies are compared. The initial cost is considered on the basis of actual cost, and annual energy cost is converted into the cost after measuring electricity and gas consumption a day LCC applied present value method is used to assess economical profit of both of them. Variables used to LCC analysis are electricity cost escalation rate, natural gas cost escalation rate, interest rate, and service lives when each of them are 4%, 2%, 8%, and 20 years. The result shows that EHP (148,257,306 won) is more profitable than GHP (161,239,296 won) by 8.05% (12,981,990 won).

• Journal of the Society of Naval Architects of Korea
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• v.51 no.6
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• pp.451-458
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• 2014

The purpose of this study is to compare the economics between a diesel propulsion vessel and a LNG fuel propulsion vessel through the analysis of the present value using the LCC(Life Cycle Cost) method. This study is also to judge the economics for long-term operation of a LNG fuel propulsion vessel as a result of analysis about the equivalent uniform annual cost. In particular, LCC method was strengthened by sensitivity analysis based on combined interest rate which is considering discount rate and inflation rate simultaneously.