• Industrial Engineering and Management Systems
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• v.11 no.1
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• pp.11-17
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• 2012

Along with the recent trend toward increasing variety and shorter life of products in the market, evaluation of risk for economic investment alternatives is of practical importance in manufacturing companies. This paper assumes that each alternative is composed of demand volume and unit sales price as income factors, and unit variable cost and fixed cost as expense factors. The paper assumes that these four factors move worse from the originally expected values, toward the direction of decreasing profit. Values of these four factors are also assumed to fluctuate from year to year over the entire multi-period. By applying the analysis of the breakeven points to each of the four factors, safer area against these changes is represented on the two dimensional domain called normalized total-cost unit-cost domain. A practical numerical example is analyzed to verify the validity of the proposed method.

• 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.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2002.05a
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• pp.1038-1043
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• 2002

손익분기점분석이란 기업의 이익계획이나 의사결정 방법으로 널리 이용되는 유용한 기법이다. 간단한 정보만으로 사업을 분석하고, 경영전략을 세울 수 있다는 점에서 손익분기 점분석이 매우 유용한 분석방법이기는 하지만 비현실적인 가정을 전제조건으로 하는 단점이 있다. 이런 가정은 전통적인 손익분기점 분석의 과정을 단순화하지만 경영분석기법으로 적용하는 데에 한계성을 갖게 한다. 이 논문의 목적은 손익분기점분석의 간편함을 유지하면서 장기적인 투자사업에도 적용할 수 있도록 하여 손익분기점분석의 적용성을 향상시키는데 있다. 따라서 전통적인 손익분기점분석의 비현실성을 개선하기 위해 수리적인 모형의 개발을 지양하고, 비용이나 수입에 대한 실제자료를 최대한 반영시킴으로써 분석의 정확성을 높일 것이다. 또한 기업 실무에서도 쉽게 적용할 수 있도록 스프레드시트를 활용하여 손익분기점분석의 해를 구할 것이다.

• Journal of Korean Society of Water and Wastewater
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• v.26 no.4
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• pp.513-520
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• 2012

The use of food waste disposers (FWDs) can be an emerging option to manage organic food wastes in municipal sewage system. The cost-benefit analysis (CBA) of introducing domestic FDWs is conducted to access the allowable disposer market price and the economic impact on food waste management from conventional solid waste management system. If the convenience value of 10,000 won/month is taken into consideration based on survey results, the introduction of FDWs can lead to net economic benefits, allowing the capital cost of disposer up to 1,000,000 won/unit. Without the consideration of convenience value, the introduction of FWDs becomes profitable if the capital cost of disposer is less than 50,000 won/unit. In case that the value of convenience is more than 7,000 won/month, the reduction of food waste management cost is not valid for the introduction of FWDs to be non-profitable. However, if environmental externalities are considered, the proposed system could become breakeven with the cost of food waste management decreases by 54 % (60,000 won per ton).

• Clean Technology
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• v.26 no.2
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• pp.96-101
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• 2020

In this paper, the commercial feasibility of trigeneration, producing heat, power, and hydrogen (CHHP) and using biogas derived from macroalgae (i.e., seaweed biomass feedstock), are investigated. For this purpose, a commercial scale trigeneration process, consisting of three MW solid oxide fuel cells (SOFCs), gas turbine, and organic Rankine cycle, is designed conceptually and simulated using Aspen plus, a commercial process simulator. To produce hydrogen, a solid oxide fuel cell system is re-designed by the removal of after-burner and the addition of a water-gas shift reactor. The cost of each unit operation equipment in the process is estimated through the calculated heat and mass balances from simulation, with the techno-economic analysis following through. The designed CHHP process produces 2.3 MW of net power and 50 kg hr^-1 of hydrogen with an efficiency of 37% using 2 ton hr^-1 of biogas from 3.47 ton hr^-1 (dry basis) of brown algae as feedstock. Based on these results, a realistic scenario is evaluated economically and the breakeven electricity selling price (BESP) is calculated. The calculated BESP is ¢10.45 kWh^-1, which is comparable to or better than the conventional power generation. This means that the CHHP process based on SOFC can be a viable alternative when the technical targets on SOFC are reached.

• Journal of Biosystems Engineering
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• v.12 no.1
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• pp.31-38
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• 1987

In order to improve the traditional post harvest system in Korea, a model for mechanized rice drying and storage system was developed and introduced as the first part of the study(Park, 1986). As the second part of the study, capital requirement and cost of the model system was analyzed. Also, optimum size of the model system was estimated by comparing with the traditional harvest system. From the study, the following results can be concluded: 1. The capital requirement of the model system decreases as the model size increases. For example, a model system having 500 ton storage capacity requires 439,000 Won/ton. However it requires 313,200 Won/ton only, if the model size increases to 1000 ton. 2. Also, total cost of the model system decreases as the model size increases. For example, total costs of the model system having 500 ton and 1000 ton storage capacity are 101,208 Won/ton and 69,320 Won/ton, respectively. 3. The breakeven point (optimum size) of the model can be estimated around 630 ton storage capacity if the operation rate is assumed as 100%. However, the optimum size of the model is 710 ton, if the operation rate it assumed 80%.

• Journal of Biosystems Engineering
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• v.25 no.4
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• pp.265-272
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• 2000

Feasibility of the self-TMR mixing/feeding system for dairy farm in Korea was analyzed by comparing with a traditional feeding system. The total operating cost of self-TMR feeding system decreased with an increase of farm size. However, the cost was higher than that of traditional feeding system because of its high purchasing cost of TMR mixer as an initial investment. Profit per unit input of the TMR feeding system became greater over the traditional system when the farm size is larger than 17 heads due to more and better milk production. The profitable discrepancy became bigger as dairy farm size increases.