• Title/Summary/Keyword: Cost Reduction Effect

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Valuation of Saved Water by Automated Agricultural Water Management System: Alternative Cost Approach (농업용수관리자동화시스템의 용수절감효과에 대한 경제적 가치 평가)

  • Jee, Yong-Keun;Kim, Sun-Joo;Kim, Phil-Shik
    • Journal of The Korean Society of Agricultural Engineers
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    • v.51 no.4
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    • pp.1-6
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    • 2009
  • This study analyzed and evaluated the effect of agricultural water reduction by introducing automated agricultural water management using alternative cost approach. The approach is possible to evaluate none market property as an asset. The saved agricultural water was evaluated as none market property. As the alternative goods, Seongju and Donghwa dam, typical irrigation dams in domestic, were employed. The economic benefit from water saving effect of an automated agricultural water management was calculated as depreciation expense and maintaining cost of construction agricultural dam per saved agriculture water. As a result, the saved agriculture water was 8.5 million ton per year, and the economic benefit of it was $1.3{\sim}2.1$ million won.

Prediction about Potential Reduction of CO2 through Modal Shift of Car Travelers to Train (여객부문 도로-철도 Modal shift에 따른 CO2 발생량 예측 연구)

  • Kim, Cho-Young;Lee, Cheul-Kyu;Kim, Yong-Ki;Phirada, Pruitichaiwiboon
    • Proceedings of the KSR Conference
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    • 2010.06a
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    • pp.2292-2296
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    • 2010
  • 2020 Korea GHG reduction goal is decreasing 4% compared with that of 2005. Effective counterplan of GHG redection goal needs to set for inductrial allocation and various reduction GHG technologies and policies for transportation have been developed. Modal shifr is one of these main policy and it focused on shifting as much freight as economically meaningful under current market conditions. It improves energy efficiency, consequently reduces GHG effect. This study is proposed as a preliminary studay of analyzing Modal shift effect. modal shift of car travelers to train is concerned in Seoul-Busan section, This study is based on a scenario which can maximize passenger occupancy rate to get the GHG reduction effect and the effect of modal shift of car to train is identified. According to this result, we can get GHG reduction effect through dealing with maximizing passenger occupancy rate on train. Therefore, in order to enhance this modal shift effect, train using rate need to increased and also improvement of policies and cost system are need to be considered to promote increasing use of train.

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Design of Structural BMPs for Low Impact Development (LID) Application and Modelling Its Effect on Reduction of Runoff and Nonpoint Source Pollution: Application of LIDMOD2 (저영향개발(LID)적용을 위한 구조적 BMPs의 유출량 및 비점오염저감 효과모의: LIDMOD2 적용)

  • Kim, Jung Jin;Kim, Tae-Dong;Choi, Donghyuk;Jeon, Ji-Hong
    • Journal of Korean Society on Water Environment
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    • v.27 no.5
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    • pp.580-586
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    • 2011
  • Low impact development (LID) technique is recently proposed as new concept to reduce surface runoff and pollutant loading with various best management practices (BMPs). In this study, LIDMOD2, which is one of the model to evaluate LID, was applied at Mohyeon developing area to evaluate the redcution of annual runoff and pollution loading, cost-reduction efficient by LID with design of structural BMPs including bioretention, wet pond, and wetland. As a simulation results, the bioretention had the highest reduction efficiency for runoff (41.43%), and 22% for T-N and 22% for BOD. Wet pont had the highest reduction efficiency for T-P as showing 25% of reduction rate. As a results of cost-reduction efficient, wet pont represented the highest cost-effective for T-N and BOD with showing 0.43 T-P kg/million won and 17.37 BOD kg/million won, respectively, and bioretention represented the highest cost-effective for T-P with showing 2.52 T-P kg/million won. LID technology could reduce effectively surface runoff and nonpoint source pollution and construct sustainable development. LIDMOD2 could be suggested as useful tool to evaluate and design LID.

A Study on Building of Underpass for Small Vehicles by Benefit and Cost Analysis (편익과 비용 분석을 통한 소형차전용지하차도 도입에 관한 연구)

  • Lee, Young Woo
    • International Journal of Highway Engineering
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    • v.15 no.2
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    • pp.149-157
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    • 2013
  • PURPOSES : This study is to analysis for benefit and construction cost in underpass for small vehicles. METHODS : The study was performed using the traffic software VISSIM 5.20 for analysis on a variety of traffic conditions and analysed of benefits of changes through analysis of travel speed and travel time after modeling of existing underpass and small vehicle underpass. RESULTS : Results of this study, the benefits will be reduced by the introduction underpass for small vehicles were analyzed because heavy vehicles use the intersection above the underpass. However, it was required economic analysis considering both the benefits reduction and the construction costs reduction because it has the effect of reducing the construction cost. Showed that the difference in benefit changes depending on the v/c and heavy vehicles ratio and construction cost was difference by types of underpass. As a result of performing economic analysis with total benefits and construction cost, it was analyzed to be economical in underpass over a certain size. CONCLUSIONS : The result of this study are expected to be able to contribute to reviewing for feasibility due to the small vehicles underpass introduction and economic analysis. The study is case study to the underpass in Daegu. Therefore, the future requires the calculation of benefits reflect a wider range of traffic conditions and the economic analysis to construction cost calculation for various types of grad separation facilities.

An Empirical Analysis on Macro-economic Effects of the Proposed Reduction of Legal Working Hours in Korea (법정근로시간 단축의 거시경제 효과 분석)

  • Nam, Sung-il
    • Journal of Labour Economics
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    • v.25 no.2
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    • pp.33-78
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    • 2002
  • This study analyzes effects of the proposed reduction of legal working hours in Korea in which base wage is unchanged with working hours reduction. The theoretical analysis shows that a reduction of legal working hours would result in less than equal size reduction of actual working hours, and increase in wages. On the other hand, the effects on employment is ambiguous depending on the substitution effect and scale effect. An empirical analysis based on macro-economic model simulation supports the theoretical conjecture. It has been found that with the reduction of legal working hours, real wages and consumption increase while actual working hours decreases about half of the legal hours reduction. In addition, the immediate and outright imposition of legal hours reduction on all sectors of the economy is found to create a cost push inflation and reduce GDP, investment, and employment. This negative effects are lessened as the reduction of legal hours is gradually made and/or some measures to absorb the cost shock such as abolition of paid monthly leave are employed together.

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The Effect of AI and Big Data on an Entry Firm: Game Theoretic Approach (인공지능과 빅데이터가 시장진입 기업에 미치는 영향관계 분석, 게임이론 적용을 중심으로)

  • Jeong, Jikhan
    • Journal of Digital Convergence
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    • v.19 no.7
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    • pp.95-111
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    • 2021
  • Despite the innovation of AI and Big Data, theoretical research bout the effect of AI and Big Data on market competition is still in early stages; therefore, this paper analyzes the effect of AI, Big Data, and data sharing on an entry firm by using game theory. In detail, the firms' business environments are divided into internal and external ones. Then, AI algorithms are divided into algorithms for (1) customer marketing, (2) cost reduction without automation, and (3) cost reduction with automation. Big Data is also divided into external and internal data. this study shows that the sharing of external data does not affect the incumbent firm's algorithms for consumer marketing while lessening the entry firm's entry barrier. Improving the incumbent firm's algorithms for cost reduction (with and without automation) and external data can be an entry barrier for the entry firm. These findings can be helpful (1) to analyze the effect of AI, Big Data, and data sharing on market structure, market competition, and firm behaviors and (2) to design policy for AI and Big Data.

The Effect of Perception of Transaction Fairness and Transaction Integrity on Reputation, Trust, and Transaction Cost Reduction in Business-to-Business Transactions (기업 간 거래에서 거래공정성과 거래진정성 지각이 평판, 신뢰, 거래비용감소에 미치는 영향)

  • Seo, Yeong-Bok;Park, Chan-Kwon
    • Korean small business review
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    • v.42 no.3
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    • pp.145-172
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    • 2020
  • This study shows that it is favorable for Korean companies to maintain fairness and authenticity trading relationship with trading companies. It suggests that a positive reputation can be secured, trust relationships can be built, and transaction costs can be reduced. For this purpose, research hypothesis was established, questionnaires were collected for domestic companies, and a hypothesis test was conducted. As a result of the research hypothesis test, the perception of transaction fairness and the perception of transaction authenticity have a positive effect on reputation, and the reputation has a positive effect on trust. Trust has a positive effect on the reduction of transaction costs, and reputation and trust play a role in the perception of transaction fairness and transaction authenticity and the reduction of transaction cost, and trust is a parameter between reputation and reduction in transaction cost. Do it. In order for sustainable management activities to be carried out for Korean companies, it is necessary to improve fairness and authenticity in business relations. It is important to have a positive reputation. It has been demonstrated that securing a positive reputation can develop into a trust relationship and ultimately lead to a decrease in transaction costs.

A Study for Safety Evaluation of the Prestressed Hybrid Beam with T-shape Steel Member which was Developed to Build Large Span Educational Facilities (대공간 교육시설 축조를 위하여 개발된 T형 강재를 이용한 프리스트레스트 합성보의 안전성 평가를 위한 연구)

  • Lee, Kyoung-Hun;Kim, Tae-Hui
    • The Journal of Sustainable Design and Educational Environment Research
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    • v.9 no.1
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    • pp.32-40
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    • 2010
  • The purpose of this study was to evaluate structural safety and economic efficiency of prestressed hybrid beam using T-shape steel member which was developed to build large span educational facilities. Hybrid beam specimens were manufactured with 16.0m long and load was uniformly distributed by 12.0kN steel hexahedrons. In this study, honeycomb beam design process was introduced to T-shape section steel beam design. Vibration condition of specimens were analyzed by Korea Building Code 2009 and AISC Steel Design Guide Series-11. As a result, the prestressed hybrid beam with T-shape steel member has about 10.4% of cost reduction effect.

Economic Analysis of Heating and Cooling System Corresponding to the Energy Cost of University Building (대학건물에서 에너지비용 변화에 따른 히트펌프 냉난방시스템에 대한 경제성 분석)

  • Kim, Dong-Wan
    • Journal of the Korean Institute of Educational Facilities
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    • v.16 no.1
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    • pp.43-50
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    • 2009
  • This research is to analyze LCC of Heat Pump system in university building by reduction of electric power costs for education and incentive system for gas. Produced details item different expense of EHP and GHP equipment construction step and preservation administration step. Analysis result is as following. 1) Executed LCC analysis for target system after lowering whole curriculum reduction of electric power costs for education. Analysis result, energy cost-cutting effect of EHP appears greatly than GHP unlike existent study finding, EHP decided by economical system. 2) Sensitivity analysis executed by incentive 500,000 won per units and geometrical ration of gas expense by 1%. As a result, because lowering effect of electric charges appears greatly, EHP decided by more economical system than GHP. As research result of front is different from existent study finding, EHP by lowering of electric charges for alteration and education of governmental frequent volunteer system was decided by more economical system than GHP.

Ripple Effect Analysis of Construction Standard Unit Price in Public Construction (공공건설공사 표준시장단가 적용 파급효과 분석)

  • Jin, Zheng-Xun;Baek, Seung-Ho;Lee, Ju-Hyun
    • Journal of the Korean Society of Industry Convergence
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    • v.25 no.6_3
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    • pp.1207-1219
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    • 2022
  • 「Act On Contracts To Which The State Is A Party」 stipulates that the "Construction Standard Production Rate" and "Construction Standard Unit Price" be used as the criteria for determining the estimated price of construction works performed by public institutions. In this regard, issues such as the application scope of the Construction Standard Unit Price, and the effect of budget reduction continue. However, due to the lack of quantitative data on the actual application of Construction Standard Unit Price, it is difficult to objectively evaluate various issues. In order to prepare data for objective evaluation of the Construction Standard Unit Price, this study analyzed the ripple effect of applying the Construction Standard Unit Price based on the bill of quantity. As a result of the analysis, the Construction Standard Unit Price ripple effect in the civil engineering part was 9.2%, and it was analyzed that there was a ripple effect of about 1.9% based on the civil engineering direct cost. In the construction part, the ripple effect was analyzed to be relatively high at 17%, but it was found to have a ripple effect of about 3% in the construction direct cost. Based on the total direct cost, the ripple effect was calculated as 2.2%. Based on the analysis results, it is possible to evaluate the effect of applying the Standard Market Unit Price, and it is expected to be used as basic data to solve issues. As a future study, it is necessary to additionally analyze the ripple effect by Standard Market Unit Price application range (over 10 billion, over 20 billion won, etc.) and delivery system type (comprehensive evaluation, qualification examination, technical bidding, etc.). In addition, it is necessary to study the appropriate ripple effect of the Standard Market Unit Price.