• Title/Summary/Keyword: Economic Systems

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Economic Analysis of Wastewater Reuse Systems for Agricultural Irrigation using a System Dynamics Approach (시스템 다이내믹스를 이용한 농업용수 재이용시스템 경제성 분석)

  • Jeong, Han Seok;Suh, Kyo;Jang, Tae Il;Seong, Choung Hyun;Kim, Hak Kwan;Park, Seung Woo
    • Journal of The Korean Society of Agricultural Engineers
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    • v.55 no.2
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    • pp.9-20
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    • 2013
  • Many studies have reported additional treatment is needed to use wastewater for agricultural purpose. Economic considerations should be taken into account to establish infrastructure for agricultural reuse because of a large amount of water use in irrigation and relatively low water quality requirement. The objective of this study was to conduct economic analysis of wastewater reclamation and reuse systems for agriculture. A system dynamics approach considering complexity and dynamics in the wastewater reuse systems was used for the economic analysis, which are related with social, environmental, and economic problems. Sensitivity and benefit cost analysis for wastewater reuse systems was conducted through the established economic assessment model. The result of sensitivity analysis showed that water resources development and installation cost were the most sensitive for total benefits and costs, respectively. The scenario-based test of the organized economic assessment model shows marginal cost ranges and enables decision-makers to decide reasonable cost for the wastewater reuse systems for agriculture.

The Economic Security System in the Conditions of the Powers Transformation

  • Arefieva, Olena;Tulchynska, Svitlana;Popelo, Olha;Arefiev, Serhii;Tkachenko, Tetiana
    • International Journal of Computer Science & Network Security
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    • v.21 no.7
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    • pp.35-42
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    • 2021
  • In the article, the authors investigate the economic security system in the conditions of the powers transformation. It is substantiated that economic security acts as a certain system that includes components and at the same time acts as a subsystem of the highest order. It is determined that the economic security system of regions acting as a system has its subsystems, which include: production, financial, environmental, innovation, investment and social subsystems. The parameters of the economic security system include relative economic independence, economic stability and self-development of economic systems, and it is proved that an important feature of economic security in addition to its systemic nature is multi-vector. It is substantiated that the monitoring of ensuring the economic security system of the development of economic systems of different levels in the conditions of the powers transformation should contain the analysis of social, economic and ecological development of regions; spheres of possible dangers of the development of regional economic systems; the nature of the threats; the degree of the possibility of threats; time perspective of economic development threats; possible consequences of losses for economic entities; the impact of threats to the object of the economic entities' activity; possible asymmetry of economic development of regional economic entities. Possible threats as a consequence of the powers transformation have been identified. A PEST analysis of the impact of factors of different nature on economic security and the development of regional economic systems in the powers transformation is carried out. A recurrent ratio is proposed for the economic security system in the conditions of the powers transformation.

Functioning of Economic Systems in the Context of Their Potential Development in the Conditions of Circular Economy

  • Pohrebniak, Anna;Petrashko, Liudmyla;Dovgopol, Nina;Ovsiuchenko, Yurii;Berveno, Oksana
    • International Journal of Computer Science & Network Security
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    • v.21 no.12
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    • pp.309-315
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    • 2021
  • The purpose of the article is to analyze the functioning of economic systems in the context of the development of their potential in a circular economy. It is determined that the functioning of economic systems to ensure their sustainability should meet modern challenges and provide for the formation of competitive institutional architecture, the introduction of structural and regulatory innovations, the transition to an innovative model of development. The specific principles of functioning of economic systems include openness, nonlinearity, multivectority, dynamism, emergence, uncertainty about the development of economic processes. It is substantiated that the linear nature of development and equilibrium are not dominant in the functioning of economic systems, and increasing the level of economic efficiency should go hand in hand with minimizing the activities of enterprises, which necessitates the use of circular economy. The main prerequisites for the transition to a circular economy are analyzed. It is determined that the basic concept of the circular economy involves the development of a system of production and consumption, which is based on processing, reuse, repair, product sharing, change of consumption patterns and new business models and systems. The main elements of the circular economy include: a closed cycle, the use of renewable energy sources, systems thinking. The correlation of the principles of sustainable development and the peculiarities of the application of the circular economy is analyzed. It is determined that the circular economy contrasts with the traditional linear economic model, which is based on the model of "take-do-consume-throw away". The advantages and disadvantages due to the use of the principles of circular economy are given. Based on the study, steps are identified to accelerate the transition from a linear economy to a circular economy.

Design of Economic Analysis Module for Waste Heat Recovery based on Systems Engineering Approach (시스템엔지니어링 기반 산업 폐열 발전시스템 경제성 분석 모듈 설계)

  • Kim, Joon Young;Cha, Jae Min;Park, Sung Ho;Shin, Jung Uk;Lee, Tae Kyong
    • Journal of the Korean Society of Systems Engineering
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    • v.14 no.1
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    • pp.1-12
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    • 2018
  • In the energy-guzzling industries such as steel making and cement, power plants utilizing waste heat have been attracting attention to increase energy efficiency. However, the existing economic analysis system doesn't consider the special working fluids and the cost models of the main equipment used in the waste heat recovery power plant. So it is difficult to estimate the plant economics accurately. Therefore, It is required to develop a economic analysis module that can more accurately evaluate for the power plant. In this study, the systems engineering approach was used to design and develop the module that systematically reflects the characteristics of the power plant and various requirements. Specifically, first, the special working fluids and main equipment applied to the power plant were investigated. Next, the cost models for each equipment were developed. Finally, the economic analysis module based on this was developed.

Economic Evaluations of Secondary Battery Energy Storage Systems in Power Distribution Systems (전력저장전지시스템의 경제성 평가)

  • No, Dae-Seok;O, Yong-Taek
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.49 no.4
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    • pp.152-160
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    • 2000
  • This paper presents an efficient evaluation method on the role of new energy storage systems, especially the secondary Battery Energy Storage (BES) systems, in the case where they are interconnected with the power distribution systems. It is important to perform the economic evaluation for the new energy storage systems in a synthetical and quantitative manner, because they are very costly in the early stage of their development and commercialization. In this paper, the multiple functions of BES systems, which are operated at distribution systems, such as load levelling, effective utilization of power distribution systems and uninterruptible power supply at the emergency conditions are classified and analyzed. And then the quantitative evaluation methods of the multiple functions for BES systems are proposed using the mathematical modelling.

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A Study on Mountain Eco-Village Revitalization through Social Economic Promotion (사회적 경제 지원을 통한 산촌생태마을 활성화 방안에 관한 연구)

  • Kim, Seong-Hak;Seo, Jeong-Weon
    • Journal of Korean Society of Rural Planning
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    • v.20 no.3
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    • pp.21-31
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    • 2014
  • The purpose of this study is to develop promotion strategies for revitalizing mountain eco-villages through social economic support. In order to fulfill this purpose, this study analyzed operation conditions, income creation structures of 240 mountain eco-villages formed by Korea Forest Service, and reviewed systems for social economic support. As summarized in research outputs, this study confirmed that the activities of organizations for joint projects had not been properly implemented due to the absence of supporting systems following the construction of mountain eco-villages. In addition, 159 villages formed as experience villages could not be qualified for enterprise systems due to aging population and absence of network systems. As for income creation, as indicated by comparing net incomes for joint projects calculated based on the classification of village management evaluation, the average net income of 51 highly-rated villages was 22 million Won and that of 128 moderately-rated villages was 3.5 million Won. Experience-based projects and the sales of processed forestry products made by young adult associations or women's societies were major sources of income, and the absence of inner economic bases or villages' jobs caused young adults and returned farmers to focus on working for outside economic activities. Finally, this study developed strategies for mountain eco-village's social economic promotion and suggested four stages of social economic revitalization provisions.

Features of Investment Support for the Process of Digitalization of Socio-Economic Systems in the Context of Strengthening International Economic Relations

  • Yatsko, Maksym;Panfilova, Yanina;Zozuliak, Marta;Koval, Oleksandr;Golubka, Yaroslav
    • International Journal of Computer Science & Network Security
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    • v.22 no.7
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    • pp.29-34
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    • 2022
  • The innovative process of digitalization and creation of innovation from an idea to its commercialization requires certain financial costs, labor and mental efforts. The amount of investment (corporate and public) is the most important imperative to enhance innovation and is traditionally considered as the main "input" indicators of the development of innovation infrastructure, in this case, the financial infrastructure of innovation. At the same time, the modern theory of innovation development assumes a systematic approach to the organization of innovation activity, which provides for the close interaction of several subsystems: human (including intellectual) potential, financial and technological capital, as well as relevant institutions and methods of regulation.. Thus, the main task of the study is to analyze the features of investment support for the process of digitalization of socio-economic systems in the context of strengthening international economic relations. As a result of the study, current trends and prerequisites of investment support for the process of digitalization of socio-economic systems in the context of strengthening international economic relations were revealed.

Crop-Animal Production Systems in Tropical Regions - Review -

  • Devendra, C.
    • Asian-Australasian Journal of Animal Sciences
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    • v.13 no.2
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    • pp.265-276
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    • 2000
  • Crop-animal systems which form the backbone of agriculture in the tropics are discussed with reference to their characteristics, economic importance of animals, genesis and types of crop-animal systems, relevance and potential importance, and priorities for research and development. These production systems are found across all agroecological zones: rain-fed temperate and highland systems, semi-arid and arid tropics, and sub-humid and humid tropics: the last four are priority areas in Asia. The potential importance of these systems in Asia is reflected in their advantages, synergism and complimentarity, economic benefits and contribution to sustainability. Illustrative case studies are cited which are appropriate to the two broad types of mixed farming systems: systems combining animals and annual cropping, and systems combining animals with perennial cropping with reference to Indonesia, Philippines, Malaysia, Sri Lanka, China and Nigeria. Priorities for research and development should address more complete use of the animal genetic resources, intensive utilisation of the feed resources, development-oriented utilisation of research results, minimizing animal diseases, and implementation of appropriate institutional and policy issues.

A Study on the Development of RFID based Automatic Gate Systems in Container Terminals (RFID 기반의 컨데이너터미널 게이트 자동화 시스템 개발에 관한 연구)

  • Lee Seok-Yong;Seo Chang-Gab;Par Nam-Kyu;Song Bok-Deuk
    • The Journal of Information Systems
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    • v.15 no.3
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    • pp.187-211
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    • 2006
  • As port competitiveness is becoming more important in the global market environment RFID (Radio Frequency Identification) Is also becoming a crucial enabler In implement efficient visible, secure and productive ports. However there Is a lack of practical validated RFID technology acceptance cases in the port logistics industry until now, even though various related projects have been undertaken. In this study, we applied 13.56MHz passive RFID readers, tags, and their applications into existing bar-code based gate systems to improve the port logistics process, and we analyzed results of a pilot test in economic and non-economic perspectives. The main purpose of this study is to develop the RFID based automatic gate passing system in container terminals, and is to validate its economic and non-economic feasibility. In order to accomplish the purpose of this study, first, we examined previous researches on RFID technology acceptance in the port logistics industry, second, we Identified and analyzed the business process of existing gate systems in container terminals, third, we build RFID gate systems with 13.56Mhz tags, readers, and its middle-ware, finally we tested the system and its performance. The results were successful and showed the feasibility of the system in real container terminal gates. Economic and non-economic contribution was confirmed. Although the system has technological limitations with short range passive type, we clearly identified its potential capability and its economic validity in the field, which are the implications of this study.

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A Study of Causality between Country-level IT Investment and Economic Performance in the U.S. (미국의 정보기술 투자와 경제적 성과 사이의 인과성 연구)

  • Lee, Sang-Ho;Kim, Soung-Hie
    • Asia pacific journal of information systems
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    • v.16 no.2
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    • pp.111-122
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    • 2006
  • This paper investigated the causal relationship between IT investment and economic performance with the office, computing and accounting machinery (OCAM) and gross domestic product (GDP) statistics from the United States for the period 1961 to 2001. Due to non-stationary aspects of the series, found by unit root tests, it was deemed applicable to apply growth models using the first difference of the series. The results indicate that IT investment growth at the country level do not only cause economic performance growth, but are also caused by economic performance growth. While IT investment growth affect economic performance growth over shorter time periods, economic performance growth affect IT investment growth over longer time periods. As a result, this study reveals IT investment growth have the preceding effect on economic performance growth, and then economic performance growth impact subsequently on IT investment growth.