• Title/Summary/Keyword: Economic Shock

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An Economic Feasibility Study on Fuel Transfer of A Thermal Power Plant Considering CO2 Emission Cost (CO2 배출비용을 고려한 발전소의 연료교체 경제성에 대한 연구)

  • Lee, Sang-Joong;Jeong, Yeong-Ho
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.23 no.2
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    • pp.125-130
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    • 2009
  • With respect to the goal of achieving at least 50[%] reduction of global emissions by 2050, the G8 leaders agreed to seek to share and adopt it with all Parties to the UNFCCC in the 34th Group of Eight Summit held in Toyako, Japan in July 2008. Korea is also expected to obey the Kyoto Protocol starting in 2013, which will result in a serious shock especially to the electric power industry. The power plants burning the fossil fuel produce more than 20 percent of national $CO_2$ emission. This paper presents an economic feasibility study on fuel transfer for a thermal power plant considering $CO_2$ emission cost. Calculation of the breakeven point for the fuel transfer from LNG to heavy oil of D power plant is demonstrated using the input-output coefficients obtained by the performance test.

A Study on the Improving Direction of Container Housing through Field Survey - Based on the Analysis of 12 cases in the Urban Area - (국내 컨테이너 하우징의 실태조사를 통한 개선방향연구 - 수도권 지역의 12개 사례를 중심으로 -)

  • Yoo, Hae-Yeon;Park, Yeon-Jeong;Yoon, Jung-Yeon
    • Journal of the Korean housing association
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    • v.23 no.6
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    • pp.21-30
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    • 2012
  • In foreign countries, the use of containers has already been stabilized with their advantages utilized in various forms. Containers are also utilized in Korea as various forms of architecture, but domestic container buildings have poor public consciousness so as to be limitedly utilized as temporary structures based on economic efficiency. Besides, there is the lack of research and development on them. Particularly, despite the advantages of containers as housing facilities, the use of containers as short- or middle-term temporary housing is limited and does not spread. Also, compared to general housing, containers have lower quality of physical environment and even frequently bring about negligent accidents such as fire and electric shock. Thus, this study intends to identify the actual condition of using container houses, the problems in using them, and the direction of improving their residential environment. For this purpose, it analyzes the present condition and characteristics of domestic container housing, and derives conclusions from the focus group interview with 23 residents who have lived in Seoul and Gyeonggi-do for over a year about such survey items as daylighting, ventilation, privacy condition, water service and sewerage, insulation, soundproofing, view, and room scale.

Public Policy and The Imbalance of The Systems: A System Dynamics Approach for The Shock of Lowered Retirement Age of Teachers on Education System

  • Yi, Mi-Sook;Choi, Nam-Hee;Kim, Doa-Hoon
    • Korean System Dynamics Review
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    • v.5 no.2
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    • pp.149-174
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    • 2004
  • Since the economic crisis in 1997, the Korean government has implemented a number of reforms in order to eliminate inefficiencies in both private and public sectors. One of the reforms made in the public sector was to lower the retirement age of teachers from the original age of 65 to that age 62. The ultimate aim of this compulsory policy was to improve the quality level of education by hiring many young teachers instead of senior teachers. It was made based on the calculation that by lowering the retirement age by three years, the government can hire three young teachers with the saved wages. However, this policy has brought an unexpected result; the imbalance between the supply and demand for teachers has become a much more serious problem in Korea's elementary education system The purpose of this study is largely twofold; First of all, it aims to identify the scope of imbalances occurred in the supply-demand system of elementary school teachers in a region of the nation, and also to find out why such imbalance occurred. Secondly, the purpose of this study is to experiment with feasible policy alternatives and their effects on the system and to suggest some resolutions on the imbalance.

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An Adiabatic Characteristic on the Waste tyre Powders Mortar-Containing (폐타이어 분말을 혼입한 몰탈의 단열특성)

  • Choi, Jae-Nam;Son, Ki-Sang
    • Journal of the Korean Society of Safety
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    • v.20 no.2 s.70
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    • pp.105-112
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    • 2005
  • This is to find out that cement mortar mixed with waste tie particle can be applied for recycling it and enhanced to have shock absorption capacity. Therefore, architectural material specification and its related references for the disposal of it are based on for the study. Test has been performed with procedure, based on the Korea Standard insulation mortar and Compressive Strength Test has been done at K remicon factory approved by Korea Government in Korea, in order to decrease any possible error in mixing procedure. Test molds far insulation capacity and cohesive strength have been delivered to the expert agency for having more exact results. The result from the above test shows that waste tyre mixed with cement mortar has almost equal to the common concrete. This means that the recycling of the waste t)re will be demanded more and more in case of having continued development for this recycling area. And also waste t)to-using construction material can be more applied for construction area than existing material. Thus, this recycling method can be very usefully applied for solving environmental problem and for establishing economic aspect.

An Exploration of Dynamical Relationships between Macroeconomic Variables and Stock Prices in Korea

  • Lee, Jung Wan;Brahmasrene, Tantatape
    • The Journal of Asian Finance, Economics and Business
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    • v.5 no.3
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    • pp.7-17
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    • 2018
  • This paper examines short-run and long-run dynamic relationships between selected macroeconomic variables and stock prices in the Korea Stock Exchange. The data is restricted to the period for which monthly data are available from January 1986 to October 2016 (370 observations) retrieved from the Economic Statistics System database sponsored by the Bank of Korea. The study employs unit root test, cointegration test, vector error correction estimates, impulse response test, and structural break test. The results of the Johansen cointegration test indicate at least three cointegrating equations exist at the 0.05 level in the model, confirming that there is a long-run equilibrium relationship between stock prices and macroeconomic variables in Korea. The results of vector error correction model (VECM) estimates indicate that money supply and short-term interest rate are not related to stock prices in the short-run. However, exchange rate is positively related to stock prices while the industrial production index and inflation are negatively related to stock prices in the short-run. Furthermore, the VECM estimates indicate that the external shock, such as regional and global financial crisis shocks, neither affects changes in the endogenous variables nor causes instability in the cointegrating vector. This study finds that the endogenous variables are determined by their own dynamics in the model.

A Study on the Identification of Electrical Materials by a Fire (화재로 인한 전기재료 감식에 관한 연구)

  • 박남신;홍진웅;조경순
    • Fire Science and Engineering
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    • v.6 no.1
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    • pp.90-98
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    • 1992
  • Over the last 100 years since the introduction of electricity, the nation has faced ever increasing demand for electricity as consequence of the rapid economic growth. The expanded consumption ratio for electricity naturally increased the possibility for electricity related accident mainly iii the form of electrically ignited fire and human injuries from electric shock. Under such circumstances, the presented study sets a focus on analysing the causes of the electrically related fire accidents happened in the nation over the last 10 years(in the 80's) to provide a scientific basis for identifying the cause of electric fires. Identification of the cause of fire ignited electrically may be approached either by studying accident related electrical properties or by investigating power instruments at the place of the accient. In the present paper, the former approach is taken especially on investigating the consequences of over current induced by short circuiting of high power instruments which is reported as the primary cause electricity related fire accidents. In order to provide reliability of the identification method, microscopic photograph's are taken for the cross sections of the electrical materials(fuse, wire, plug socket and plug) after being exposed to over current and heated by external means respectively. The results are consequently compared and analysed.

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The Study of the Decision Criteria for the Urgency Released Valve in Hydraulic Dam (수력댐 비상방류밸브의 선정조건에 관한 연구)

  • Roh, H.W.;Lee, G.S.;Park, Y.M.;Kim, B.S.;Lee, Y.H.
    • 유체기계공업학회:학술대회논문집
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    • 2005.12a
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    • pp.613-616
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    • 2005
  • In general, the hollow jet valve, the fixed cone valve had been used for the urgency released or maintenance of the flow rate. Nowadays, the butterfly valve, the gate valve are applied in economic performance and operation maintenance more than the hollow jet valve, the fixed cone valve. However, in the case of butterfly valve, it should be required the strict application standard to the cavitation coefficient because the structural axis and disk were situated in pipe channel and the occurring the shock problem by Karman Vortex. And, the judgment data for choice were slight lowdown in water supply and drainage facilities standard or Japanese penstock technology standard, various standard of KOWACO etc. Therefore. there were investigated the valve inside phenomenon (cavitation, disk chattering, vibration) by velocity of flow and the stability examination of body by high velocity of flow through flow scale model test using the numerical analysis and PIV to establish the applicable extensibility of the butterfly valve for the urgency released valve.

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Characteristics of the Microwave Induced Flames on the Stability and Pollutant Emissions (마이크로파가 인가된 화염에서의 화염안정성 및 오염물질 배출특성)

  • Jeon, Young Hoon;Lee, Eui Ju
    • Journal of the Korean Society of Safety
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    • v.29 no.4
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    • pp.23-27
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    • 2014
  • The use of electromagnetic energy and non-equilibrium plasma for enhancing ignition and combustion stability is receiving increased attention recently. The conventional technologies have adapted the electrical devices to make the electromagnetic field, which resulted in various safety issues such as high-maintenance, additional high-cost system, electric shock and explosion. Therefore, an electrodeless microwave technology has an advantage for economic and reliability compared with conventional one because of no oxidation. However, the application of microwave has been still limited because of lack of interaction mechanism between flame and microwave. In this study, an experiment was performed with jet diffusion flames induced by microwaves to clarify the effect of microwave on the combustion stability and pollutant emissions. The results show that microwave induced flames enhanced the flame stability and blowout limit because of abundance of radical pool. However, NOx emission was increased monotonically with microwave intensity except 0.2 kW, and soot emission was reduced at the post flame region.

Development of High Damping Alloys for Reduction of Noise and Vibration (소음.진동 제어를 위한 방진합금 개발)

  • Baik, Seung-Han;Kim, Jung-Chul;Han, Dong-Woon;Baik, Jin-Hyun;Kim, Tai-Hoon
    • Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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    • 2004.11a
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    • pp.565-569
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    • 2004
  • Conventional methods for reducing vibration in engineering designs (i.e. by stiffening or detuning) may be undesirable or inadequate in conditions where size or weight must be minimized or where complex vibration spectra exist. Alloys which combine high damping capacity with good mechanical properties can provide attractive technical and economic solutions to problems involving seismic, shock and vibration isolation. To meet these trends, we have developed a new high damping Fe-17%Mn alloys. Also, the alloy has advantages of good mechanical properties and more economical than any other known damping alloys(1/4 times as cost of non-ferrous damping alloy). Thus, the high damping Fe-17%6Mn alloy can be widely applied to household appliances, automobiles, industrial facilities and power plant components with its excellent damping capacity(SDC, 30%) and mechanical property(T.S 700MPa). It is the purpose of this paper to introduce the characterization of the high damping Fe-17%Mn alloy and the results of retrofit several such applications.

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Nexus between Inflation and Unemployment: Evidence from Indonesia

  • WULANDARI, Dwi;UTOMO, Sugeng Hadi;NARMADITYA, Bagus Shandy;KAMALUDIN, Mahirah
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.2
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    • pp.269-275
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    • 2019
  • This study intended to examine the relationship between inflation and unemployment rate in Indonesia during 1987 to 2018 period. The study applied a quantitative method using Vector Error Correction Model (VECM) in order to comprehensively understand the causality between inflation and unemployment rates. The data were collected from various main sources including the World Bank, Central Bank of Indonesia, and Central Bureau of Statistics (BPS). The findings showed that inflation has a one-way relationship toward unemployment in Indonesia and it occurs at the third lag. Impulse Response Function (IRF), shows that the inflation rate are fluctuating in response to the shock of unemployment. The unemployment rate responses to shocks from inflation initially increased until it is eventually diminished. It shows that the shocks caused by the impact of inflation were only in the short term. Further, inflation in the three previous lags will have consequences for the unemployment rate in the year. Lastly, both in the long run and short run, unemployment did not affect inflation rates. These findings suggest that high inflation in Indonesia is determined the rising price of basic commodities and fuel. In addition, most companies in Indonesia applying capital intensive so that employment growth in Indonesia is small.