• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.24 no.4
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• pp.289-296
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• 2012

The aim of this study is to investigate the performance of a heating and cooling system with aquifer thermal energy storage(ATES heat pump system) known as one of the underground thermal energy storage application systems. The ATES system was composed of heat pump unit and ATES, which was installed in a factory building located in Anseoung. The system represented very high heating and cooling performance, and showed nearly constant COP at each heating and cooling season due to the stability of EWT. The economic analysis about an ATES system and a conventional system was also executed. The conventional system adopted an air-conditioner in the summer season and a LNG boiler in the winter season. The payback period of the ATES system was estimated by 6.62 years.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2013.05a
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• pp.155-157
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• 2013

Ground source heat pump(GSHP) systems have been attracted as high-efficient energy-saving technology, but the building clients and designers have hesitated to use GSHP systems which is a expensive initial installation and a uncertain economic feasibility. Therefore In order to reduce the initial cost, many researchers have focused on the energy-pile system using the structure of the building as a heat exchanger. Even though many of experimental studies for energy pile system have been conducted, there was not enough data of a quantitative evaluation with the economic analysis and comprehensive analysis for energy-pile. In this study, the feasibility study for the energy pile system with a barrette pile was conducted by the performance analysis and LCC assessment.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.60 no.3
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• pp.500-508
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• 2011

In the distribution systems, the maximum power transportation capacity is restricted within 40MW based on two lines, because of the thermal current limit of a distribution line. Recently it has been continuously required to expand the abilities of the power transportation in distribution systems, as the number of large scale industrial complexes and distributed generations are growing. In this paper, we suggested the five alternatives combining two methods, laying the two bundle lines and adding another voltage between the 22.9kV and 154kV in distribution systems. This paper implemented the economic evaluations of proposed alternatives from national and customer perspectives. And then we compare the results with those of 154kV transmission system.

• Proceedings of the KIEE Conference
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• 1993.07a
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• pp.36-38
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• 1993

This study considers the economic aspect of the distribution automation system, which is the decision-making criteria of the electric utilities for the investment. The feeder automation candidate region is divided into two types of the urban and the rural. The total investment cost of the feeder automation for each type is estimated. The annual cost, is also estimated, by finding the fixed charge rate. To compare the annual cost and the economic effect cost, for the investment decision-making, the costs are quantitatively estimated on the following effects : the manpower replacement, the outage cost saving, the main transformer utilization improvement, the feeder utilization improvement, and the line loss reduction.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.1
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• pp.16-21
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• 2012

The growth in IT industry has brought a corresponding rise in the number of connected digital devices in the distribution network. These digital loads lead to AC to DC conversion losses in order to supply power to them. The more the renewable energies and plug-in electrical vehicles penetrated our lives, the more the electrical losses are caused by AC to DC conversion process. Hence, this paper suggests the methodology for evaluating the amount of power supplied according to the ratio of DC power supply and performs an economic analysis of DC distribution system considering grid parity. In here, the cost of carbon emission reduced by renewable energy is also concerned.

• Steel and Composite Structures
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• v.51 no.1
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• pp.43-51
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• 2024

In the current study, we aim to evaluate both microstructural characteristics and economic benefits of composite structures from supply chain utilizing AI-based method. In this regard, the various aspects of microstructure of composite materials along with the features of supply chain are discussed and quantified. In addition, the final economic aspects of the composite materials and are also presented. Based on available data, a designed artificial neural network is utilized for prediction of both microstructure and economical feature of the composite material. The results indicate that the supply chain could affect the microstructure of final composite materials which in turn make changes in the mechanical properties and durability of composite materials.

• Journal of Korea Society of Industrial Information Systems
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• v.16 no.4
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• pp.75-85
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• 2011

Effective and Economic game evaluation before game publishing is very important for game development company. In this paper, we designed and developed an effective web based game evaluation system according to three major game genre including MMORPG, FPS, and web game. The proposed evaluation model consists of five evaluation items such as game interest, competitiveness, technology, earning power, and market value and has common evaluation items and independent ones according to game genre. To reflect characteristics of each game genre, we divided evaluation items into common evaluation elements and individual ones according to game genre. We applied the proposed system to two real games of a game development company and showed the result.

• New & Renewable Energy
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• v.1 no.3 s.3
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• pp.42-50
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• 2005

This paper deals with the economic feasibility model and analysis of a hydrogen fuel-cell vehicle [FCV] against two similar types of non-business vehicles fueled with gasoline [GV] and diesel [DV] considering greenhouse gas [GHG]. Considering the price of vehicles and annual operating cost, we build a classical economic feasibility model. Since the economic feasibility could be affected by many input factors such as the prices of vehicles, the price of fuels, annual driving distance and so on, we estimate the average future values of input factors, which is defined as "the average case". Based on the average case, we assess the representative economic feasibility of a FCV with/without GHG, and by changing various annual driving distances, we assess its economy in terms of net-present value, internal rate of return, and payback period. In addition, we make some sensitivity analysis of its economic feasibility by changing the values of the critical input factors one at time. Based on the average case, it turns out that the consumer of a FCV could save 25,000 won/year for a GV, but the consumer could pay 120,000 won/year more for a DV. This indicates that gasoline vehicles could be replaced gradually by FCVs in Korean market which might be formed by those consumers driving annually more than approximately 14,800 km. As the results of our sensitivity analysis, it turns out that a FCV is no more economical if the difference of the prices between FCV and GV is more than 10,130,000 won or the price of hydrogen fuel could be more than 5,136 won/kg.

• The Journal of Fisheries Business Administration
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• v.40 no.3
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• pp.69-88
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• 2009

This research was as part of restocking project conducted until 1986. The necessity of its economic and scientific verification on restocking project increased. The economic analysis of this project was intended to measure its effectiveness of rockfish restocking throughout certain water areas. The rockfish restocking in 2008 was carried two regional governments of Gyeongnam and Busan. 3-year average annualized performance is 3.76 million rockfish restocked and 940 million won invested. As Gyeongnam restocked 3.62 million rockfish and invested 890 million won, most of rockfish stocking accomplished in Gyeongnam. The public shipment was the 3-year average amount was about 400 tons. Each Suhyup shipment as follows; TongYong 66.6 tons, Namhae 23.6 tons, Samcheonpo 17.2 tons; Yeosu 13.3 tons, Geoje 4.7 tons, Goseong 3.1 tons, Hadong 1.0 tons. The private shipment was assessed by the interview of relevant market participations. The high percent areas of public ship were Nemaha, Goseong 90% and Geoje 80% or more. Hadong and Samcheonpo were about 50%. TongYong was 10% and the lowest. The private shipment was calculated using the percentage of private shipment surveyed. The total amount of private shipment was 4.8 billion, where 4.5 billion was TongYong, where most of private shipment is being made. The positive economic benefit occurred when the percent of restocked is over 15% in the overall catch. The percentage of restocked investigated with genetic test was 58.2%. With 58.2% ratio of restocked, there was 3.8 times economic benefit according to approximately 3.6 billion won. Economic effects were highly significant. As catch increased according restocking, joint market commission increased. Joint market commission was calculated as total restocked shipment multiplied by the ratio of commission, the calculated commissions were as follows; Hadong 5.0%, Geoje 4.8%, Goseong 4.8%, Namhae 4.8%, Samcheonpo 4.3%, Yeosu 4.3%, TongYong 4.0%. According to calculation results, annual commission fee of ￦60,000,000 was raised during 2006~2008. The fishing catch bulk for entertainment significantly increased in sea area carried with mass restock.

• KDI Journal of Economic Policy
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• v.45 no.1
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• pp.69-86
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• 2023

Regulatory sentiment refers to the market's subjective evaluation of regulatory reform and is one of the most widely adopted indicators to those charged with implementing and diagnosing regulatory policies. The use of regulatory sentiment in advanced analysis has become universal, albeit it is often limited due to difficulties in articulating consistent and objective quantitative indicators that can meticulously reflect market sentiment overall. Thus, despite ample effort by scholars to read the economic impact of regulatory sentiment in the real economy, causal links are difficult to spot. To fill this gap in the literature, this study analyzes a regulatory sentiment index and economic performance indicators through a text analysis approach and by inspecting diverse tones in media articles. Using different stages of tests, the paper identifies a causal relationship between regulatory sentiment and actual economic activities as measured by private consumption, facility investment, construction investment, gross domestic investment, and employment. Additionally, as a result of analyzing one-unit impulse of regulatory perception, the initial impact on economic growth and private investment was found to be negligible; this was followed by a positive (+) response, after which it converged to zero. Construction investment showed a positive (+) response initially, which then rapidly changed to a negative (-) response and then converged to zero. Gross domestic investment as the initial effect was negligible after showing a positive (+) reaction. Unfortunately, the facility investment outcome was found to be insignificant in the impulse response test. Nevertheless, it can be concluded that it is necessary and important to increase the sensitivity to regulations to promote the economic effectiveness of regulatory reforms. Thus, instead of dealing with policies with the vague goal of merely improving regulatory sentiment, using regulatory sentiment as an indicator of major policies could be an effective approach.