• Journal of the Korean Society for Geothermal and Hydrothermal Energy
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• v.9 no.2
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• pp.25-31
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• 2013

It has become very important for unused energy to be used for building air conditioning. Economic evaluation on energy system by using river water as a heat source, which is one of the unused energy, was carried out. The floor area of the building and the distance between heat source equipment and river was assumed $50,000m^2$ and 200 m. General heat source system using absorption chiller-heater was used for comparing to the energy saving system, and payback period method using initial cost and running cost of two systems, was used to perform economic evaluation. According to development of high capacity of water source heat pump which is appropriate for using river water, initial cost for the system has been reduced. Payback period was about 3.2 years, and this period might be shortened if nation's economic support enact.

• The Journal of Economics, Marketing and Management
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• v.6 no.3
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• pp.10-13
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• 2018

Purpose - On the basis of discussing the network economy concept and the commentary of the marginal revenue decreasing of traditional economic theory, The concept of network economy has just been put forward in recent years. The reason why such a concept appears is that the information technology, marked by computer network, plays an increasingly important role in economic activities. Some people define network economy as an economic form based on network technology and human capital. this paper points out network economy existing the marginal revenue increasing and analyzes the reasons that influencing the marginal revenue increasing. Research design, data, methodology - The network economy has fundamentally changed the traditional economic laws. The economic basis of industrial society is the law of incremental marginal cost, which reflects the socialization of high cost in industrial society. Results - As the number of network members increases, the value of the network increases explosively, and the value increases attract more members to join, resulting in more returns. Conclusion - In conclusion, network economy has changed many aspects of traditional economy, resulting in decreasing marginal cost, decreasing transaction cost in and out of enterprise organizations, and making the effect of increasing scale compensation more prominent. This is of great significance to the information construction in China.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.18 no.34
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• pp.161-172
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• 1995

The paper examines the cost analysis and economic evaluation for manufacturing system installation in a metal industry. The evaluation procedure is consist of four steps. 1) Attribute determination of manufacturing system 2) Cost Estimating 3) Alternative and Model determination of manufacturing system 4) Economic Analysis. The impact of manufacturing system installations on employment displacement and strategic benefit is discussed and suggested to make a coherent determination of company's objective.

• The Journal of Fisheries Business Administration
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• v.44 no.3
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• pp.103-109
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• 2013

This paper analyzed that the economic effectiveness of the artificial fish reef project in the Tae-an Marine Ranching. Benefit-cost(B/C) model used to indicate the effects of economic valuation. B/C model is based on the sub-models which are Benefit Cost Ratio(BCR), Net Present Value(NPV) and Internal Ration of Return(IRR). First, the Sum of Incremental Benefit and Cost for total vessel by year in Artificial Fish Reef Area(AFRA) estimated 2,381 million won. And then, using 5.5% discounting rates and the survey data, the sub-models showed economically feasible in the all of analysis and analyzed the results as follows. BCR is 2.66, NPV is 28,014million won, and IRR is 22.78%. In conclusion, these results indicated that the artificial fish reef project in Tae-an Marine Ranching would be increase the income of fishermen as well as fish biomass.

• Transactions of the Korean hydrogen and new energy society
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• v.28 no.1
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• pp.47-55
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• 2017

This paper deals with the after-tax economic feasibility analysis of the hydrogen fueling station considering dynamic utilization. We selected an off-site hydrogen station in which the hydrogen is supplied by a central by-product hydrogen plant as a case study. Also, we made some sensitivity analysis by changing input factors such as the discount rate, the hydrogen station construction cost, the hydrogen demand and the hydrogen sale price. As a result, the hydrogen station will not be economical in 2020 due to the relatively high price of the hydrogen station construction cost and the low price of hydrogen sale price. In order to realize the economic feasibility of the hydrogen station in the early stage of the hydrogen economy, the subsidies on the annual operating cost as well as the construction cost are needed.

• 한국신재생에너지학회:학술대회논문집
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• 2005.06a
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• pp.600-603
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• 2005

U.S. National Research Council proposed benefits framework for energy R&D project as economic benefits, environmental benefits, security benefits and knowledge benefits. Following this framework, U.S. National Renewable Energy Laboratory evaluated the projected benefits of Federal Energy Efficiency and Renewable Energy Programs in the indicators of energy-expenditure savings, energy system cost savings, $CO_2$ emissions reductions. oil savings, natural gas saving and avoided additions to central conventional power. As this result, geothermal energy have predominant position in the energy-expenditure savings, natural gas saving and avoided addi t ions to central conventional power to FY2050. The projected benefits, in monetary value, of the whole supply-potential of geothermal energy in Korea were evaluated as 480.2 billion Won, 43.1 billion Won and 135.8 billion Won for the private energy-cost savings, social environmental-cost savings, and import energy-cost saving, respectively.

• Transactions of the Korean Society of Mechanical Engineers B
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• v.22 no.11
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• pp.1547-1554
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• 1998

The object of this study was to develop an economic assessment program for the optimal design of the cogeneration systems composed of combining engine, generator, waste heat recovery exchanger, absorption chiller, and boiler, etc. The energy demand categorized by electric power, heating, cooling and water supply was determined by statistical data of the existing cogeneration systems. An economic assessment was performed by comparing the total cost of cogeneration system with that of non-cogeneration system. The total cost was evaluated by adding initial investment to operational cost considering efficiency of equipment, cost of equipment, fuel and electricity. To confirm the validity of the developed program, a hotel building with an area of $127,960m^2$ was selected, and the simulated results were compared with the measured data. The difference between the simulated and the measured values for the selected hotel building was approximately 12% for annual electric consumption.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.26 no.1
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• pp.85-94
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• 2003

In this paper, a mathematical model is developed for economic design of multi-stage distribution system that consists of factory, central distribution centers, local distribution centers and retailers. The retailers are supplied products from different stage suppliers according to order size. The retailers are supplied products from factory if demand amount is large, central distribution center if medium, local distribution center if small. The economic design is to determine the economic size of facility factors that consist of distribution system. The cost factors are transportation cost from supply places to demand places, handling cost at distribution centers and inventory holding cost at retailers. It is to determine the transportation route of each retailer, the size and number of the vehicle at factory and distribution centers, the handling amount at distribution centers in order to minimize the total costs. The mathematical model is represented, the solution procedure is developed, and a numerical example is shown.

• Journal of Environmental Impact Assessment
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• v.23 no.1
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• pp.11-17
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• 2014

Since the Renewable Portfolio Standard (RPS) would be started in 2012, the use of renewable energy should be 11% of total energy use including bio-fuel in 2030. The economic efficiency for renewable energy in B power plant was considered with the bio-diesel, wind power and solar power. The Net Present Value (NPV) and Benefit/Cost Ratio(BC) were used for the economic efficiency with the cost and benefit analysis. In case of bio-diesel, the cost resulted from the fuel conversion and the benefit would be created with trade and environmental improvement. With regard to wind power and solar power, the construction cost would be required and benefit factors would be same as the bio-diesel. The wind power was the best of economic efficiency of renewable energy as the results of NPV and BC ratio. Whereas, the market of wind power was very popular and the techniques of wind power has been developing rapidly.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.8 no.4
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• pp.946-951
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• 2007

R&D institutes, supporting development in industry, are required to provide an economic basis of their R&D investments. In this paper, we apply prospective cost-benefit analysis to evaluate the economic impact of R&D investments. We compute main metrics with cost and benefit estimated via counter-factual evaluation model. Among many projects of KRISS to improve measurement reliability, three projects are evaluated by applying prospective cost-benefit analysis.