• Title/Summary/Keyword: Break even analysis

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Economic Analysis of Power Transmission Lines using Interval Mathematics

  • Teegala, Srinivasa Kishore;Singal, Sunil Kumar
    • Journal of Electrical Engineering and Technology
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    • v.10 no.4
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    • pp.1471-1479
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    • 2015
  • A major portion of the capital costs in the present day power transmission systems are due to the cost of equipment and construction process. Transmission utilities in the recent years are drawing greater attention towards performing life cycle costing studies for cost management and decision making. However, the data involved in these studies are highly uncertain and the effect of these uncertainties cannot be directly included in the study process, resulting in inaccurate solutions. Interval mathematics provides a method for including these uncertainties throughout the cost analysis and provides final solution range in the form of intervals. In this regard, it is essential and extremely important that significant research has to be carried out in understanding the principles of life cycle costing methodology and its applicability to cost analysis of transmission lines along with uncertainties involved in the cost assessment process. In this paper, economic analysis of power transmission lines using interval mathematics has been studied. Life cycle costing studies are performed using net present value analysis on a range transmission lines used in India and the results are analyzed. A cost break even analysis considering right of way costs was carried out to determine the point of economy indifference.

Economic Analysis of Korean-type Mobile Carbonization Apparatus for the Field Utilization of Logging Residues (산지폐잔재의 현지 활용을 위한 한국형 조립식 탄화장치의 경제성분석)

  • Chang, Cheol-Su
    • Journal of Forest and Environmental Science
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    • v.23 no.1
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    • pp.11-19
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    • 2007
  • This study was designed to analyze the economic efficiency that is needed to develop and make practical application of a mobile carbonization apparatus, which are able to make wood charcoals and pyroligneous liquid at the logging field with debris. B/C ratio was employed to make an economic analysis, and sensitivity analysis with respect to change in price and interest rates also was made. Cylindrical type is the proper type for the mobile carbonization apparatus, when important factors such as handling capacity, a carbonization time, quality of products and assembling ability were considered. It weighs 400 kg, and a three-step fold-up equipment. The size of 2 (diameter) by 2.4 m (height) carbonization equipment required 1,500 kg wood debris per batch. A forty-eight to fifty-two carbonization time produced 300 kg of wood charcoal and $45{\ell}$ of pyroligneous liquid. The average life span of the apparatus was 5 years. If the private enterprise operated 100 batch, 80 batch, and 70 batch with one apparatus, the B/C ratio of them was greater than 1, indicating that the production is economically feasible. The period to achieve a break-even point required to be 4 years in case of 100 and 80 batches to 5 years in case of 70 batch. But the private enterprises should operate at least two apparatus for the profits. Also, if the production was to be profitable, the prices of wood charcoals and pyroligneous liquid should be at least 750 won per kg and 700 won per liter.

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Application of Multi-Attribute Utility Analysis for the Decision Support of Countermeasures in Early Phase of a Nuclear Emergency (원자력 사고시 초기 비상대응 결정지원을 위한 다속성 효용 분석법의 적용)

  • Hwang, Won-Tae;Kim, Eun-Han;Suh, Kyung-Suk;Jeong, Hyo-Joon;Han, Moon-Hee;Lee, Chang-Woo
    • Journal of Radiation Protection and Research
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    • v.29 no.1
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    • pp.65-71
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    • 2004
  • A multi-attribute utility analysis was investigated as a tool for the decision support of countermeasures in early phase of a nuclear accident. The utility function of attributes was assumed to be the second order polynomial expressions, and the weighting constant of attributes was determined using a swing weighting method. Because the main objective of this study focuses on the applicability of a multi-attribute utility analysis as a tool for the decision support of countermeasures in early phase of a nuclear accident, less quantifiable attributes were not included due to lack of information. In postulated accidental scenarios for the application of the designed methodology, the variation of the numerical values of total utility for the considered actions, e.g. sheltering, evacuation and no action, was investigated according to the variation of attributes. As a result, it was shown that the numerical values of total utility for the actions are distinctly different depending on the exposure dose and monetary value of dose. As increasing in both attributes, the rank of the numerical values of total utility increased for evacuation, which is more extreme action than for sheltering, while that of no action decreased. As expected probability of high dose is higher, the break-even values for the monetary value of dose, which are the monetary value of dose when the ranking of actions is changed, were lower. In audition, as aversion psychology for dose is higher, the break-even values for dose were lower.

Performance Analysis of Dynamic Spectrum Allocation in Heterogeneous Wireless Networks

  • Ha, Jeoung-Lak;Kim, Jin-Up;Kim, Sang-Ha
    • ETRI Journal
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    • v.32 no.2
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    • pp.292-301
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    • 2010
  • Increasing convergence among heterogeneous radio networks is expected to be a key feature of future ubiquitous services. The convergence of radio networks in combination with dynamic spectrum allocation (DSA) could be a beneficial means to solve the growing demand for radio spectrum. DSA might enhance the spectrum utilization of involved radio networks to comply with user requirements for high-quality multimedia services. This paper proposes a simple spectrum allocation algorithm and presents an analytical model of dynamic spectrum resource allocation between two networks using a 4-D Markov chain. We argue that there may exist a break-even point for choosing whether or not to adopt DSA in a system. We point out certain circumstances where DSA is not a viable alternative. We also discuss the performance of DSA against the degree of resource sharing using the proposed analytical model and simulations. The presented analytical model is not restricted to DSA, and can be applied to a general resource sharing study.

The Study on Economic Evaluation for Investment Cost When the Distribution Automation System is Applied (배전자동화 투자비대 경제적 효과분석에 관한 연구)

  • 하복남;한용희;한병성;이흥호
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.52 no.7
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    • pp.407-413
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    • 2003
  • Before expanding of distribution automation application to distribution network, we must examine whether there are economical effect. Investment expense for distribution automation can be divided into facility investment expense, maintenance expense, communication expense, investment expense etc. Effect of distribution automation can classify by effect that can convert into money and effect that can not convert into money. Representative effect is outage time decrease effect, distribution line loss decrease effect, main transformer upload effect, distribution line upload effect, work environment improvement effect of lineman and so on. This paper studied economical effect and break-even Point for investment expense by using data that acquire in KEPCO's distribution network.

A Financial Model to Select the Size of Theme Park (주제공원의 규모결정을 위한 손익모형 I -용인자연농원을 사례로-)

  • 이양주;유병림
    • Journal of the Korean Institute of Landscape Architecture
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    • v.24 no.1
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    • pp.55-64
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    • 1996
  • The size of leisure space has been determined on the basis of the annual and peak day's number of visitor, turnover rate, and size per visitor. But the past models have no theoretical base and practical errors on the many cases. So, this study was carried out to build and test a new theoretical model for selecting a optimal size of theme park. The basic concept of the model building is the break-even point analysis of cost-volume-profit relation. That is, Gain-Loss of theme park is determined by marginal profit and fixed cost by size. YongIn Farmland was selected as a model test case.

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A Study on the Mathematical Models for determining the Economic Inspection Plan and It's Characteristics (경제적(經濟的) 검사방식(檢査方式)의 채택(採擇)을 위한 계량적(計量的) 접근방법(接近方法)의 유형(類形)과 그 특징(特徵)의 비교(比較))

  • Lee, Sang-Yong
    • Journal of Korean Society for Quality Management
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    • v.7 no.2
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    • pp.17-21
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    • 1979
  • There are many kinds of the mathematical models which are developed for choosing the economic inspection plan. The aim of this paper is to classify these mathematical models, and to examine their characteristics. The mathematical models for choosing the economic inspection plan can be classified into three groups. The first of it is the break-even analysis, the second group of the model is to choose the inspection plan so as to minimize total sampling inspection cost function, and the third group of it is the model to choose the inspection plan which maximize the profit function of the sampling inspection. As a result of examining the characteristics of this classified group of the models the model to choose the inspection plan which minimize total sampling inspection cost is more economical than the other models.

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A Study on the Economic Life Cycle Decision Method of Aircraft Direct Support Equipment (항공기 지원 장비 경제수명 결정에 관한 연구)

  • Kim, Si Yeon;Choi, Bong-Wan;Oh, Hyun-Seung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.37 no.4
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    • pp.193-201
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    • 2014
  • This study attempts to utilize the economic efficiency analysis results focused on the break-even point as an indicator for the decision making of commanders and staff. We suggested a method of determining economic life by utilizing logistics information system and commercial program Minitab with a focus on the equipment's operational environment and performance data, whereas previously the equipment's retirement period was simply determined by the current equipment prices and sustainable period.

A Study on the Economic Evaluation of Thermal Insulation Remodeling (단열 리모델링 공사의 경제성 평가에 관한 연구)

  • Kim, Se-Bum;Jeon, Min-Chang;Lee, Sang-Beom;Kim, Dae-Young
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2015.05a
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    • pp.142-143
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    • 2015
  • In this study, the remodeling of the insulation for the study of economic evaluation to find out. Targeting first Hyomin Domitory in Dong-Eui University, the purpose of the study is to carry out insulation work to conform to the strengthening of legal insulation standards. Studies in the way of insulation construction surveys of students who after living through the Survey. Exterior walls and windows with a comparative analysis of the thermal transmittance insulation performance is calculated according to the annual heating costs. The study is about 108 years after the investment is recovered through the break-even point was to know. Resolve residents' complaints, the gap wind reduction, reduction of environmental pollution and other problems solved.

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Stress Corrosion Crack Growth Evaluation in Primary Loop of Nuclear Power Plant (원전 주배관의 응력부식 가상결함 성장에 대한 잔류응력 영향 평가)

  • Yang, J.S.;Park, C.Y.;Yoon, K.S.;Kang, S.Y.;Oho, J.K.
    • Proceedings of the KSME Conference
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    • 2004.04a
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    • pp.274-277
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    • 2004
  • The most important mode of subcritical crack growth is primary water stress corrosion crack, which was the reported mechanism from the root cause analysis of the crack in the bimetallic welds. Stress corrosion crack growth evaluations was carried out for several flaw shapes of both axial and circumferential flaws, using the steady-state stresses including residual stresses. This evaluation considered the possibility of additional flaws in the primary loops of nuclear power plant, even though no such flaws have been identified by Ultrasonic Test. Consequently, Results show that the predicted flaw sizes will determine acceptability for continued service and maintenance.

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