• Proceedings of the KSME Conference
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• 2008.11b
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• pp.2940-2945
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• 2008

The scale of 2.4 MW MCFC was taken to construct a high-efficiency and economical power generation system without CO2 emission into the atmosphere for utilizing its exhaust gas. The conventional steam turbine power generation system (STGS) was evaluated and the net generated power (NGP) was estimated to be only 133 kW and the STGS is not economically feasible. A CO2-caputuring repowering system was proposed, where low temperature steam (LTS) produced at HRSG by using exhaust gas from MCFC is utilized as a main working fluid of a gas turbine, and the temperature of LTS was raised by combusting fuel in a combustor by using pure oxygen, not the air. It has been shown that NGP of the proposed system is 264 kW, and CO2 reduction amount is 608 t-CO2/y, compared to 306 t-CO2/y of STGS. The CO2 reduction cost was estimated to be negligible small, even when the costs of oxygen production and CO2 liquefaction facilities etc. were taken into account.

• Journal of The Korean Society of Agricultural Engineers
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• v.61 no.4
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• pp.97-103
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• 2019

If the new town development project begins with inappropriate location then it will be difficult to recruit tenants and the proportion of the infrastructure cost could increase. It is necessary to evaluate the feasibility of the new town development projects to solve this problem. This study aims to identify the current status of the new town development projects and draw up evaluation criteria by examining advanced researches. To identify the importance of each village, we set up the weights through analytic hierarchy process. The evaluation criteria were classified into location conditions and economical efficiency. In the case of location conditions, it was classified into available size, geographical conditions, and accessibility. As a result of analyzing the questionnaire, it was subdivided into officially assessed land prices in case of economic efficiency. This study had some limitations, that is we focused on the location conditions and economic feasibility among other factors. Therefore further study should contain analysis more on socio-cultural aspects such as residents' cooperation or will for this project. By adding results later, we can make more reasonable decisions when we choose appropriate area.

• Journal of Korea Port Economic Association
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• v.37 no.1
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• pp.19-30
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• 2021

The 21st Century Maritime Silk Road (MSR) is an important part of Belt and Road Initiative(BRI). As an economic and trade corridor for dozens of countries in Asia, Europe and Africa, and the port as an important link node, the efficiency of port operation directly affects the implementation of BRI's strategy. On the basis of combining BRI and related evaluation methods of port efficiency, this paper uses DEA-BCC model to select port production berth number and production berth length as input index container throughput and cargo throughput as output index to analyze the port efficiency of 14 ports in China. The results show that: (1) The overall efficiency level of the ports along the MSR is relatively low. Most of the ports have not reached the DEA efficiency and there are different degrees of problems in scale investment and technological improvement. However, this situation is accompanied by the implementation of China's maritime cooperation strategy and becoming better year by year. (2) The low operating efficiency of ports along China's MSR is mainly due to the lack of coordination between scale efficiency and technical efficiency, which is caused by insufficient scale investment in the port itself, weak economic linkage between the hinterland and the port, (3) Whether a port has a strong comprehensive strength does not entirely depend on the cargo throughput or scale but also includes the port's operating efficiency.

• Journal of the Korean Wood Science and Technology
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• v.20 no.1
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• pp.5-14
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• 1992

Experimental external collector type solar lumber dryer of $1m^3$ of maximum capacity with $1.6m^3$ of collector area was designed and constructed. The seasonal performance of solar dryer, including air-conditions, energy efficiency, and drying characteristics of 3cm-thick red pine and douglas-fir lumber was investigated. Also, the economic analysis was carried out. Annual average solar drying rate was about 2 times faster than air-drying rate with no significant difference in the amount of drying defects. But in initial drying stage air-drying rate in winter was much faster and those in spring and autumn were slightly slower than solar drying rate in each season. Annual average energy efficiency of solar-dryer and-collector was 25% and 57%, respectively. Fuel savings were over 50% at 15% of energy inflation rate and the payback period was estimated as 6.10 years at 30% of energy inflation rate.

• Journal of the Korea Safety Management & Science
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• v.12 no.1
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• pp.119-126
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• 2010

This paper presents an economic analysis for the travel aids service system for visually handicapped persons through RFID (Radio Frequency Identification). This research estimates both cost and economic effect of the service. By using input-output analysis technique, three kinds of repercussion effects - domestic production, value added, and workers induced by the travel aids service - are also calculated. To evaluate the profitability of the service, we investigate the procedures through which the service has an effect on the interested parties and develop formulas describing the procedures. The benefit of the service have been generally obtained by measuring the willingness to pay (WTP). This paper, however, obtains the monetary value of benefit by estimating the parameters of the formulas, so that a close improvement of the service may be possible with the result of the economic analysis.

• Journal of the Korean Society of Manufacturing Technology Engineers
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• v.22 no.6
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• pp.921-930
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• 2013

From an economic perspective, an enterprise's business activity depends on the efficient use of corporate resources for generating profits. However, on the enterprise side, it is difficult to measure and evaluate the effective use of each resource. This paper suggests an alternative for eliminating process inefficiencies in the consolidation of competitive power in auto parts manufacturing company A. Multitudinous process variables from company A's raw materials-to-shipment process are configured as input resources, and a Data Envelopment Analysis(DEA) is carried out to determine economical benefit of said resources' operation, as well as how products are manufactured. The DEA model offers a non-parametric approach to measuring relative efficiency using input and output factors. Furthermore, AHP is used for logically deciding the importance of each evaluation factor. In general, DEA models have been used for measuring efficiency of the service and public sectors. However, this study focused on measuring the efficiency of SMEs production lines.

• The Journal of Fisheries Business Administration
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• v.39 no.3
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• pp.49-65
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• 2008

In Korea, deep-sea fishing industry is faced with pressure of being thrown out of business, because of the upcoming unfavorable business conditions such as the fishing regulation of coastal countries, Korea-US Free Trade Agreement(KORUS FTA), and the other socio-economic changes. Hence, we present an evaluation of future business competitive for the deep-sea fishing industry so that the government can develop a concession plan for the deep-sea fishing industry by utilizing the results of this study. In efficiency analysis of deep-sea fishing industry, the decision maker may have two problems: (1) how to deal with multiple inputs and outputs of deep-sea fishing industry and (2) how to assign the weights on different inputs and outputs, In this paper, we proposed to use Data Envelopment Analysis (DEA) to estimate efficiency of deep-sea fishing industry with multiple inputs and outputs. In the DEA, The direct impact of KORUS FTA, fishing regulation of coastal countries, fishing charges, and competitive fishing conditions were used as input parameters while the profitability and secured fishing quarters, as outputs. The results of DEA-BCC model indicate that 6 out of 12 DUMs have better efficiency under variable return to scale assumption.

• Journal of Electrical Engineering and Technology
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• v.9 no.5
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• pp.1501-1510
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• 2014

Low voltage direct current (LVDC) distribution system is a suitable techno-economic candidate which can create an innovative solution for distribution network development with respect to rural electrification. This research focuses on the use of LVDC distribution system to replace some of KEPCO's existing traditional medium voltage alternating current (MVAC) distribution network for rural electrification in South Korea. Considering the technical and economic risks and benefits involved in such project, a comparative techno-economic analysis on the LVDC and the MVAC distribution networks is conducted using economic assessment method such as the net present value (NPV) on a discounted cash flow (DCF) basis as well as the sensitivity analysis technique. Each would play a role in an economic performance indicator and a measure of uncertainty and risk involved in the project. In this work, a simulation model and a computational tool are concurrently developed and employed to aid the techno-economic analysis, evaluation, and estimation of the various systems efficiency and/or performance.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.14 no.5
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• pp.377-384
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• 2002

For economic evaluation of cooling plant equipments, it is necessary to simplify energy Prediction method, which should includes efficiency corrected by part-load ratio. This study proposed simplified method with regression equations of time-average partial loads and refrigerator capacity. DOE-2 Program was used to carry out a parametric study of twelve design variables. Five input variables were considered to be significant and were used in the regression equations. To test accuracy of simplified method, calculated results were compared with DOE-2 simulated results. Test result showes a good agreement with the simulation result with an error of 5.9∼7.6%. It is expected that this method can be used as an easy prediction tool for comparing energy use of different cooling plants during the early design stage.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.18 no.34
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• pp.83-89
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• 1995

We call as plant life cycle the process starting from plant plan, design to disuse by way of construction, operation, but the plant facility inside it comes to changes of cope with various inner factor like blazing phenomenon and outer factor according to economic state. On the presumption of these factors, the problem is brought about how plant should be managed, this study attempt to suggest the conservation management through economic evaluation in investment design and alternative, that is, methodology connecting that of economical efficiency evaluation based on LCC(Life Cycle Costing) thinking method and facility management with that of life prediction.