• Journal of Electrical Engineering and Technology
• /
• v.13 no.2
• /
• pp.659-668
• /
• 2018

This paper proposes an optimization approach of a grid-connected photovoltaic and wind hybrid energy system including energy storage considering voltage fluctuation in the electricity grid. A techno-economic analysis is carried out in order to minimize the size of hybrid system by considering the benefit-cost. Lithium-ion battery type is used for both managing the electricity selling to the grid and reducing voltage fluctuation. A new technique is developed to limit the voltage perturbation caused by the solar irradiance and the wind speed through determining the state-of-charge of battery for every hour of a day. Improved particle swarm optimization (PSO) methods, referred to as FC-VACPSO which combines Fast Convergence Particle Swarm Optimization (FCPSO) method and Variable Acceleration Coefficient Based Particle Swarm Optimization (VACPSO) method are used to solve the optimization problem. A comparative study has been performed between standard PSO method and PSO based methods to extract the best size with the benefit cost. A sensitivity analysis has been studied for different kinds and costs of batteries, by considering variable and constant state-ofcharge of battery. The simulations, performed under Matlab environment, yield good results using the FC-VACPSO method regarding the convergence and the benefit cost of the hybrid system.

• Journal of the Korea Institute of Building Construction
• /
• v.13 no.4
• /
• pp.416-423
• /
• 2013

An adjusted assessment model based on benefit-cost analysis (BCA) is proposed for evaluating the economic efficiency of automated construction technologies. In contrast to conventional BCA, the model does not compare monetary values, but the differences in benefits and costs between traditional and automated construction methods. To verify the usefulness of the model, it was applied to a real-scale building construction project that used a fully automated building construction system, and the face validity of the model was confirmed. The results indicate that the model can support decision makers in identifying valuable benefit factors and in assessing the cost effectiveness of the system.

• Journal of Korean Library and Information Science Society
• /
• v.34 no.1
• /
• pp.313-330
• /
• 2003

This study intends to analyze the economic feasibility of the construction of a new public library based on the case of a plan in Buk-ku, Daegu Metropolitan City. It includes cost-benefit analysis and sensitivity analysis. The results show that the construction of a new public library in this area would be feasible from the economic point of view.

• Korean Journal of Organic Agriculture
• /
• v.19 no.3
• /
• pp.329-341
• /
• 2011

This study empirically analyzes the economic validity of rape farmers. The analysis of economic evaluation is based on the benefit-cost analysis. Previous studies have undoubtedly expanded our understanding of the importance of substitution effects on a rapeseed for bio-fuels. However, earlier studies have mostly dealt with the concept of biodiesel's economics analysis, but this paper's attentions have been paid to the economic analysis of farm. The aim of this paper is suggesting the most appropriate policy brings about why farmhouses should cultivate the rape. To answer this question, this paper adopts a scenario analysis and the B/C ratio is used.

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.43 no.6
• /
• pp.721-733
• /
• 2023

As the frequency of extreme rainfall events increase due to climate change, climate change adaptation measures have been proposed by the central and local governments. In order to reduce flood damage in urban areas, various flood response policies, such as low impact development techniques and enhancement of the capacity of rainwater drainage networks, have been proposed. When these policies are established, regional characteristics and policy-effectiveness from the cost-benefit perspective must be considered for the flood mitigation measures. In this study, capacity enhancement of rainwater pipe networks and low impact development techniques including green roof and permeable pavement techniques are selected. And the flood reduction effect of the target watershed, Gwanak campus of Seoul National University, was analyzed using SWMM model which is an urban runoff simulation model. In addition, along with the quantified urban flooding reduction outputs, construction and operation costs for various policy scenarios were calculated so that cost-benefit analyses were conducted to analyze the effectiveness of the applied policy scenarios. As a result of cost-benefit analysis, a policy that adopts both permeable pavement and rainwater pipe expansion was selected as the best cost-effective scenario for flood mitigation. The research methodology, proposed in this study, is expected to be utilized for decision-making in the planning stage for flood mitigation measures for each region.

• The Transactions of The Korean Institute of Electrical Engineers
• /
• v.57 no.3
• /
• pp.369-374
• /
• 2008

This paper presents the evaluation procedures and the estimation method for the estimation of optimal rebate level for EE(Energy Efficiency) programs. The penetration amount of each appliance is estimated by applying price function to preferred diffusion model resulted from model compatibility test. To estimate the optimal rebate level, two objective functions which express the maximum energy saving and operation benefit are introduced and by multi-objective function which can simultaneously consider two objective functions the optimal rebate level of each appliance is estimated. And then, using the decided rebate level and each penetration amount, the priority order for reasonable investment of each high-efficiency appliance is estimated compared to the results of conventional method. Finally, using a benefit/cost analysis based on California standard practice manual, the economic analysis is implemented for the four perspectives such as participant, ratepayer impact measure, program administrator cost and total resource cost.

• Journal of Korean Institute of Industrial Engineers
• /
• v.27 no.4
• /
• pp.337-344
• /
• 2001

As cost invested in developing the specified technology is increasing, investors are paying more attention to cost to benefit analysis (CBA). One of the basic elements of CBA for new technological development is the diffusion pattern of demand of such technology. Many studies of technology evaluation have adopted a single generation model to simulate the diffusion pattern of demand. This approach, however, considers the diffusion of the new technology itself, not taking into account a newer generation that can replace the one just invented. In this paper, we show how a multi-generation technology diffusion model can be applied for more accurate CBA for information technology. Monte Carlo simulation is performed to find influential factors on the CBA of a Cybernetic Building System.

• Earthquakes and Structures
• /
• v.7 no.4
• /
• pp.401-414
• /
• 2014

The economic consequences of large earthquakes require a revolutionary change in the seismic performance objective of residential and commercial buildings. The majority of total construction costs consist of non-structural and architectural costs. Therefore, the aim of this research is to upgrade current Life Safety performance objectives and to offset adverse effects on country's economy after an occurrence of large earthquakes. However, such a proposal cannot easily prove the feasibility of cost-benefit analysis in structural design. In this paper, six generic reinforced concrete frames and dual system structures designed based on Turkish Seismic Code were used in cost analysis. The study reveals that load bearing structural systems with Immediate Occupancy performance level in seismic zones can be achieved with negligible costs.

• Journal of the Korea Safety Management & Science
• /
• v.13 no.2
• /
• pp.267-273
• /
• 2011

Since 'The Act on Private Investment of The Infrastructure' was established in 1994, private investment as well as government's investment in transport infrastructure has been active. However investment in transport infrastructure has more risks than others' due to uncertainty both in traffic volume and in construction cost. In the current appraisal procedure of deciding transportation infrastructure investment, instead of risk management, the sensitivity analysis considering only the changes of benefit, cost and social discount rate which are main factor affecting economic feasibility is carried out. Therefore the uncertainty of various factors affecting demand, cost and benefit are not considered in feasibility study. In this study the problems in current investment appraisal system were reviewed. Using Delphi technique the major factors which have high uncertainty in feasibility study were surveyed and then improvement plan was suggested in the respective of classic 4 step demand forecasting method. The range estimation technique was also mentioned to deal with the uncertainty of the future.

• Journal of Korean Library and Information Science Society
• /
• v.45 no.3
• /
• pp.489-511
• /
• 2014

The purpose of this basic study is to examine the economic feasibility analysis of Busan Central Library, which was included the construction feasibility analysis conducted as one part of the Busan Central Library Construction Master Plan. To achieve the purpose of this study, it was accomplished to do Benefit-Cost analysis, Net Present Value, Internal Rate of Return. CVM(Contingent Valuation Method) was used for calculating the benefit; we investigated two CVMs for Busan Central Library, which are for central construction site and for outer construction site. The results show that the construction of Busan Central Library in the central site would be feasible from the economic point of view. On the contrary, the construction in the outer site would not be feasible economically.