• Title/Summary/Keyword: Average Annual Cost

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Energy Performance Variation of Solar Water Heating System by LCC Optimization in an Office Building (사무소 건물 태양열급탕시스템의 LCC 최적화에 따른 에너지성능 변화 분석)

  • Ko, Myeong-Jin;Choi, Doo-Sung;Chang, Jae-Dong;Kim, Yong-Shik
    • Journal of the Korean Solar Energy Society
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    • v.31 no.2
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    • pp.89-98
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    • 2011
  • This study examined the energy performance according to the main design parameters of a solar water heating system for an office building using the life cycle cost (LCC) optimization simulations. The LCC optimization simulations of the system were conducted with TRNSYS and GenOpt employing the Hooke-Jeeves algorithm for cases where water temperature was $60^{\circ}C$ and $50^{\circ}C$. The results showed that for water temperature at $60^{\circ}C$ and $50^{\circ}C$ the global radiation incident on the collector could be decreased by 16.98% and 28.52%, collector useful energy gain could be decreased by 15.04% and 22.59%, energy to load from storage tank could be decreased by 10.86% and 18.06% and AH energy to load could be increased by 16.86% and 38.50% respectively compared to a non-optimized system. The annual average collection efficiency of the collector was increased by 0.88% for $60^{\circ}C$ and 2.78% for $50^{\circ}C$ because of increase of collector slope and decrease of the mass flow rate per collector area. The annual average efficiency of the system was increased by 1.74% and 3.47% compared to the basis system. However, the annual solar fraction of the system was decreased by 6.68% for $60^{\circ}C$ and 11.26% for $50^{\circ}C$ due to decrease of collector area and storage tank volume.

Developing a New Risk Assessment Methodology for Distribution System Operators Regulated by Quality Regulation Considering Reclosing Time

  • Saboorideilami, S.;Abdi, Hamdi
    • Journal of Electrical Engineering and Technology
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    • v.9 no.4
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    • pp.1154-1162
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    • 2014
  • In the restructured electricity market, Performance-Based Regulation (PBR) regime has been introduced to the distribution network. To ensure the network stability, this regime is used along with quality regulations. Quality regulation impose new financial risks on distribution system operators (DSOs). The poor quality of the network will result in reduced revenues for DSOs. The mentioned financial risks depend on the quality indices of the system. Based on annual variation of these indices, the cost of quality regulation will also vary. In this paper with regard to reclosing fault in distribution network, we develop a risk-based method to assess the financial risks caused by quality regulation for DSOs. Furthermore, in order to take the stochastic behavior of the distribution network and quality indices variations into account, time-sequential Monte Carlo simulation method is used. Using the proposed risk method, the effect of taking reclosing time into account will be examined on system quality indicators and the cost of quality regulation in Swedish rural reliability test system (SRRTS). The results show that taking reclosing fault into consideration, affects the system quality indicators, particularly annual average interruption frequency index of the system (SAIFI). Moreover taking reclosing fault into consideration also affects the quality regulations cost. Therefore, considering reclosing time provides a more realistic viewpoint about the financial risks arising from quality regulation for DSOs.

Characteristics and Health Care Spending of Persistently and Transiently High-cost Older Adults in Korea

  • Sungchul Park;Giryeon Bae
    • Journal of Preventive Medicine and Public Health
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    • v.56 no.5
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    • pp.475-480
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    • 2023
  • Objectives: This study examined differences in health care spending and characteristics among older adults in Korea by high-cost status (persistently, transiently, and never high-cost). Methods: We identified 1 364 119 older adults using data from the Korean National Insurance Claims Database for 2017-2019. Outcomes included average annual total health care spending and high-cost status for 2017-2019. Linear regression was used to estimate differences in the outcomes while adjusting for individual-level characteristics. Results: Persistently and transiently high-cost older adults had higher health care spending than never high-cost older adults, but the difference in health care spending was greater among persistently high-cost older adults than among transiently high-cost older adults (US$20 437 vs. 5486). Despite demographic and socioeconomic differences between transiently high-cost and never high-cost older adults, the presence of comorbid conditions remained the most significant factor. However, there were no or small differences in the prevalence of comorbid conditions between persistently high-cost and transiently high-cost older adults. Rather, notable differences were observed in socioeconomic status, including disability and receipt of Medical Aid. Conclusions: Medical risk factors contribute to high health care spending to some extent, but social risk factors may be a source of persistent high-cost status among older adults in Korea.

Cost-effectiveness Analysis of Cervical Cancer Screening Strategies Based on the Papanicolaou Smear Test in Korea

  • Ko, Min Jung;Kim, Jimin;Kim, Younhee;Lee, Yoon Jae;Hong, Sung Ran;Lee, Jae Kwan
    • Asian Pacific Journal of Cancer Prevention
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    • v.16 no.6
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    • pp.2317-2322
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    • 2015
  • Background: Despite the increasing number of screening examinations performed for cervical cancer utilizing the Papanicolaou smear test (Pap test), few studies have examined whether this strategy is cost-effective in Korea. Objective: This study was conducted to evaluate the cost-effectiveness of cervical cancer screening strategies incorporating the Pap test based on age at the start and end of screening as well as screening interval. Materials and Methods: We designed four alternative screening strategies based on patient age when screening was started (20 or 30 years) and discontinued (lifetime, 79 years). Each strategy was assessed at screening intervals of 1, 2, 3, or 5 years. A Markov model was developed to determine the cost-effectiveness of the 16 possible cervical cancer screening strategies, and this was evaluated from a societal perspective. The main outcome measures were average lifetime cost, incremental quality-adjusted life-years (QALYs), and incremental cost-effectiveness ratio (ICER). Results: Compared with various strategies comprising younger starting age, discontinuation age, and longer screening intervals, strategies employing annual screening for cervical cancer starting at a target age of 30 years and above were the most cost-effective, with an ICER of 21,012.98 dollars per QALY gained (with a Korean threshold of 30,000,000 KRW or US$27,272). Conclusions: We found that annual screening for cervical cancer beginning at a target age of 30 years and above is most cost-effective screening strategy. Considering the potential economic advantages, more intense screening policies for cervical cancer might be favorable among countries with high rates of cervical cancer and relatively low screening costs.

Development of a Stochastic Inventory System Model

  • Sung, Chang-Sup
    • Journal of Korean Institute of Industrial Engineers
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    • v.5 no.1
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    • pp.59-66
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    • 1979
  • The objective of this paper is to develop a stochastic inventory system model under the so-called continuous-review policy with a Poisson one-at-a-time demand process, iid customer inter-arrival times {Xi}, backorders allowed, and constant procurement lead time $\gamma$. The distributions of the so-called inventory position process {$IP_{(t-r)}$} and lead time demand process {$D_{(t-r,t)}$} are formulated in terms of cumulative demand by time t, {$N_t$}. Then, for the long-run expected average annual inventory cost expression, the "ensemble" average is estimated, where the cost variations for stock ordering, holding and backorders are considered stationary.

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An Economic Feasibility Analysis of a Hydrogen Fuel-Cell Vehicle Considering GHG (GHG를 고려한 수소연료전지 자동차의 경제성 분석)

  • Yang, Moon-Hee;Gim, Bong-Jin;Kim, Jong-Wook
    • New & Renewable Energy
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    • v.1 no.3 s.3
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    • pp.42-50
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    • 2005
  • This paper deals with the economic feasibility model and analysis of a hydrogen fuel-cell vehicle [FCV] against two similar types of non-business vehicles fueled with gasoline [GV] and diesel [DV] considering greenhouse gas [GHG]. Considering the price of vehicles and annual operating cost, we build a classical economic feasibility model. Since the economic feasibility could be affected by many input factors such as the prices of vehicles, the price of fuels, annual driving distance and so on, we estimate the average future values of input factors, which is defined as "the average case". Based on the average case, we assess the representative economic feasibility of a FCV with/without GHG, and by changing various annual driving distances, we assess its economy in terms of net-present value, internal rate of return, and payback period. In addition, we make some sensitivity analysis of its economic feasibility by changing the values of the critical input factors one at time. Based on the average case, it turns out that the consumer of a FCV could save 25,000 won/year for a GV, but the consumer could pay 120,000 won/year more for a DV. This indicates that gasoline vehicles could be replaced gradually by FCVs in Korean market which might be formed by those consumers driving annually more than approximately 14,800 km. As the results of our sensitivity analysis, it turns out that a FCV is no more economical if the difference of the prices between FCV and GV is more than 10,130,000 won or the price of hydrogen fuel could be more than 5,136 won/kg.

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The Analysis of Distribution Characteristic on the Operation Cost for Respective Transport Volume and Travel Speed of New Transit System Bi-Modal Tram (녹색 신교통 시스템 바이모달트램의 수송수요 및 운행속도별 운영비용 분포특성 분석)

  • Bae, Eul-Ho;Kim, Kyung-Man;Shin, Cheol-Ho;Kim, Do-Han;Park, Young-Kon
    • Proceedings of the KSR Conference
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    • 2010.06a
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    • pp.2297-2302
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    • 2010
  • The status and effectiveness of Bi-modal Tram is analyzed through the comparison of the transport effectiveness and operation cost between the public transportation systems (bus, light rail transit) considering the vehicle and operation characteristic of new transit system Bi-modal Tram. The standard operation schedule is established in consideration of the vehicle specification and operation characteristic of main public transportation modes, and then the annual average operation cost is estimated depending on the volume, speed, analysis length for respective public transportation mode. Through analyzing the operation cost and distribution characteristic of public transportation modes depending on the transport volume and travel speed, the operational efficiency suitable for the city is derived. It is concluded that the operational efficiency of Bi-modal Tram is superior to that of the bus and light rail transit on the aspect of travel volume and operation speed.

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An Estimation of Cost and Profit Functions under Cobb-Douglas Production Technology in the Coastal Fishing (Cobb-Douglas 생산기술특성하의 연안어선어업의 비용 및 이윤함수의 추정)

  • 김기수;강용주
    • The Journal of Fisheries Business Administration
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    • v.25 no.2
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    • pp.47-58
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    • 1994
  • This paper tries to estimate cost and profit functions under Cobb - Douglas production technology in the coastal fishing, using duality theory of production technology and cost function. Therefore this paper estimates in advance the production functions with two input variables, the number of working persons per tonage(WEMP) and the number of fishing equipment per tonage(WEQU). Then this paper estimates profit function and implicit cost function using the estimated coefficients from production functions. The results of this study show that the annual average profit pertonage of long bag set fishing and trap fishing amount to 4.1 million won and 3.9 million won respectively.

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(s, S) Spare Part Inventory System

  • Park, Young-Taek
    • Journal of Korean Society for Quality Management
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    • v.14 no.2
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    • pp.21-27
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    • 1986
  • This paper deals with a continuous review (s,S) spare part inventory system. The distributions of service life of each part and the replenishment lead time are assumed to be exponential. Assuming that there is never more than a single order outstanding, we obtain the average annual cost of operating the inventory system. If the length of stockout period is small enough to be neglected compared to the length of operating period, the optimal operating policy variables minimizing the cost rate can be calculated iteratively. For the case of one-for-one ordering (that is, s=S-1), an exact cost rate, and a closed form decision rule minimizing the cost rate are obtained for a more general situation in which more than one order is allowed to be outstanding and the distribution of the replenishment lead time is general.

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An External Dose Assessment of Worker during RadWaste Treatment Facility Decommissioning

  • Chae, San;Park, Seungkook;Park, Jinho;Min, Sujung;Kim, Jongjin;Lee, Jinwoo
    • Journal of Radiation Protection and Research
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    • v.45 no.2
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    • pp.81-87
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    • 2020
  • Background: Kori unit #1 is permanently shut down after a 40-year lifetime. The Nuclear Safety and Security Commission recommends establishing initial decommissioning plans for all nuclear and radwaste treatment facilities. Therefore, the Korea Atomic Energy Research Institute (KAERI) must establish an initial and final decommissioning plan for radwaste-treatment facilities. Radiation safety assessment, which constitutes one chapter of the decommissioning plan, is important for establishing a decommissioning schedule, a strategy, and cost. It is also a critical issue for the government and public to understand. Materials and Methods: This study provides a method for assessing external radiation dose to workers during decommissioning. An external dose is calculated following each exposure scenario, decommissioning strategy, and working schedule. In this study, exposure dose is evaluated using the deterministic method. Physical characterization of the facility is obtained by both direct measurement and analysis of the drawings, and radiological characterization is analyzed using the annual report of KAERI, which measures the ambient dose every month. Results and Discussion: External doses are calculated at each stage of a decommissioning strategy and found to increase with each successive stage. The maximum external dose was evaluated to be 397.06 man-mSv when working in liquid-waste storage. To satisfy the regulations, working period and manpower must be managed. In this study, average and cumulative exposure doses were calculated for three cases, and the average exposure dose was found to be about 17 mSv/yr in all the cases. Conclusion: For the three cases presented, the average exposure dose is well below the annual maximum effective dose restriction imposed by the international and domestic regulations. Working period and manpower greatly affect the cost and entire decommissioning plan; hence, the chosen option must take account of these factors with due consideration of worker safety.