• Title/Summary/Keyword: Economic of Scale

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Economical Design of Water Level Monitoring Network for Agricultural Water Quantification (농업용수 정량화를 위한 경제적 수위계측망 설계)

  • Kim, Sun Joo;Kwon, Hyung Joong;Kim, Il Jung;Kim, Phil Shik
    • Journal of The Korean Society of Agricultural Engineers
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    • v.58 no.5
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    • pp.19-28
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    • 2016
  • This study was to design the optimal locations of the water level monitoring to quantify the agricultural water use in irrigation area supplied from an agricultural reservoir. In most of agricultural areas without TM/TC (Tele-Monitoring and Tele-Control) or monitoring network, irrigation water have been supplied on conventional experience and agricultural reservoir have been operated based on the operating simulation results by HOMWRS (Hydrological Operation Model for Water Resources System). Therefore, this study quantified the amount of agricultural water use in an irrigation area (Musu Reservoir, Jincheon-gun) by establishing water level monitoring network and analyzed the agricultural water saving effect. According to the evaluation of the economic values for water saving effect, the saving agricultural water of 1.7 million ton was analyzed to have economic values of 0.85 million won as water for living, and 1.78 million won as water for industrial use. It is identified to secure economic feasibility of the new water monitoring network by establishing one monitoring point in the entrance, irrigation area and endpoint through the economic analysis.

Economic Evaluation of Domestic Low-Temperature Water Electrolysis Hydrogen Production (국내 저온수전해 수소생산의 경제성 평가)

  • Gim, Bong-Jin;Kim, Jong-Wook;Ko, Hyun-Min
    • Transactions of the Korean hydrogen and new energy society
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    • v.22 no.4
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    • pp.559-567
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    • 2011
  • This paper deals with an economic evaluation of domestic low-temperature water electrolysis hydrogen production. We evaluate the economic feasibility of on-site hydrogen fueling stations with the hydrogen production capacity of 30 $Nm^3/hr$ by the alkaline and the polymer electrolyte membrane water electrolysis. The hydrogen production prices of the alkaline water electrolysis, the polymer electrolyte membrane water electrolysis, and the steam methane reforming hydrogen fueling stations with the hydrogen production capacity of 30 $Nm^3/hr$ were estimated as 18,403 $won/kgH_2$, 22,945 $won/kgH_2$, 21,412 $won/kgH_2$, respectively. Domestic alkaline water electrolysis hydrogen production is evaluated as economical for small on-site hydrogen fueling stations, and we need to further study the economic evaluation of low-temperature water electrolysis hydrogen production for medium and large scale on-site hydrogen fueling stations.

Does National Distance Affect Different Industries in Different Ways? A Test of the Ghemawat CAGE Model

  • Kim, Hak Cho;Kwon, Jong-Wook;Zhou, Zhibin;Heo, Ji Hyun
    • Journal of Korea Trade
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    • v.23 no.7
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    • pp.13-33
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    • 2019
  • Purpose - This study empirically investigated whether national distances (Cultural, Administrative, Geographic and Economic distance) have different effects on industries in different ways. Design/methodology - The empirical model utilized industry level export trade data to examine the differentiated effects of each national distance. By using direct measurement and covering 75 countries, this paper analyzes the effect of distances in different industries. More specifically, this study classified the industries into a more-sensitive/less-sensitive scale. Findings - The empirical results showed the complicated impacts of national distances on trade. Trade in industries that are more sensitive to cultural and administrative distances was not decreased as greatly as trade in industries that are less sensitive to cultural and administrative distances. Also, industries that are more sensitive to geographic distance showed a stronger negative impact on trade than less sensitive industries. Lastly, economic distance decreased trade for industries that are more sensitive to economic distance, while economic distance did not significantly increase trade for industries that are less sensitive to economic distance. Originality/value - As the first study to empirically find out whether national distance has different effects on industries, this study updated the measurements of national distance.

The impact of globalization on business and economic development in Zimbabwe

  • Mago, Stephen;Musasa, Gabriel;Matunhu, Jephias
    • Asian Journal of Business Environment
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    • v.3 no.2
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    • pp.31-37
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    • 2013
  • Purpose - This paper objectively analyzes the effects of globalization on Zimbabwe's business and economic development using the Business in Context (BIC) model. Research design, data, and methodology - We employed a qualitative research methodology, following an exploratory secondary research design in this paper. Results - The findings reveal that businesses in Zimbabwe have benefited from globalization as it has drawn investments from international companies in the country. In addition, the business sector is benefiting from the economies of scale realized from the investments made by companies in Africa, East Asia, Europe, and America. However, we also discover that globalization has resulted in the proliferation of cheap sub-standard goods and services from East Asia, and has increased competition between indigenous companies and foreign-owned multinationals. Conclusion - Our findings suggest that globalization has both positive and negative effects on business and economic development in Africa in general, and Zimbabwe in particular. However, we note that the advantages, to a certain extent, outweigh the disadvantages. What, then, could be the way forward for Zimbabwe, in the face of globalization? As a solution, this paper recommends the development of a policy on global associations by the Zimbabwean government, to enhance business and economic development.

Economic Analysis and Fee Development by Relative Value Scale of Nursing Practices by Emergency Nurse Practitioner (응급전문간호행위에 대한 건강보험 상대가치 수가개발 및 경제성 평가)

  • Kim, Jin Hyun;Kim, Kyung Sook;Kim, Mi Won;Lee, Kyoung-A
    • Korean Journal of Adult Nursing
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    • v.25 no.3
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    • pp.275-288
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    • 2013
  • Purpose: The purpose of this study was to perform an economic analysis and estimate the fee for the practices that carried out by Emergency Nurse Practitioner (ENP) using relative value scale (RVS) and its conversion factor. Methods: First, we developed ENP's RVS for 25 advanced nursing services based on ENP's workload and its time spent by survey. A cost analysis was performed to evaluate the conversion factor of ENP's RVS. The share of ENP's contribution to fee-for-service in emergency setting was also analyzed. Results: Calculation of the RVS of 25 advanced nursing practices showed a range of points from 73.4 to 296.3 and an average of 145.1 points. The relevant conversion factor for advanced nursing practices among ENP was estimated at 12.2~15.9 won. The contribution rate of ENP's advanced nursing practices in the relative value scale of the national health insurance was estimated at 13.1~17.0%. Conclusion: The practices of ENP are not compensated separately and its reimbursement is usually included in physician fee. An estimation of nursing fee and an independent fee related to ENP's services shows the contribution rate to total revenue. It suggests that emergency nurse practitioners be considered as a revenue source the in emergency room.

Technology Adoption Issues and Challenges for Micro, Small and Medium Enterprises: A Case Study of the Food and Beverage Sub-Sector in Indonesia

  • PRANATA, Nika;SOEKARNI, Muhammad;MYCHELISDA, Erla;NOVANDRA, Rio;NUGROHO, Agus Eko;RIFAI, Bahtiar;BUHAERAH, Pihri;ZULHAMDANI, Muhammad;YULIANA, Retno Rizki Dini
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.3
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    • pp.265-274
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    • 2022
  • MSMEs in the food and beverage industry play a critical role in the Indonesian economy since they account for the majority of the manufacturing sector's GDP. Despite its importance, it is unable to compete on a worldwide scale due to a lack of technological adoption. As a result, the purpose of this study is to look into the concerns and challenges that F&B MSMEs have when it comes to technology adoption. An online survey of 626 MSMEs and in-depth interviews as well as focus groups with diverse stakeholders from four provinces, namely West Java, East Java, South Sulawesi, and North Sumatera, provided the data for this study. To be thorough, the approach used in the study is based on the Technology, Organization, and Environment (TOE) framework. According to the findings, the majority of MSMEs use technology for marketing and sales, mainly through e-commerce. Meanwhile, for a variety of reasons, most of them continue to rely on traditional and semi-automatic technologies for production. According to the TOE framework, MSMEs lack those three parts of the technology adoption framework, particularly the environmental aspect, which is mostly due to a lack of cooperation among stakeholders. Finally, as a policy proposal, we offer a comprehensive technology adoption strategy based on the findings through an integrated MSMEs development information system including many important stakeholders.

Structural Geometry of a Regional-scale Overturned Fold in the Daecheong Island, Central-western Korean Peninsula (한반도 중서부 대청도에 발달하는 광역규모 과습곡의 구조기하학적 특징)

  • Jeong-Yeong Park;Deung-Lyong Cho;Seung Hwan Lee;Yujung Kwak;Seung-Ik Park
    • Economic and Environmental Geology
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    • v.57 no.1
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    • pp.41-50
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    • 2024
  • This study reports the structural geometry and folding mechanism of a regional-scale overturned fold in the Daecheong Island, central-western part of the Korean Peninsula. Based on low-hemisphere stereographic and down-plunge projections using data from a detailed field survey, we classify the regional-scale fold as an open overturned fold shallowly plunging toward NE. The asymmetric and symmetric parasitic folds in the limb and hinge zones indicate layer-parallel shortening prior to flexural-flow folding. Fold dating must be required to decipher the orogenic process causing the regional-scale overturned fold in the Daecheong Island.

Analysis of the Economy of Scale for Domestic Steam Methane Reforming Hydrogen Refueling Stations Utilizing the Scale Factor (Scale Factor를 이용한 국내 천연가스 개질식 수소충전소의 규모의 경제 분석)

  • GIM, BONGJIN;YOON, WANG LAI;SEO, DONG JOO
    • Transactions of the Korean hydrogen and new energy society
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    • v.30 no.3
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    • pp.251-259
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    • 2019
  • The aim of this study is to evaluate the economic feasibility of domestic on-site steam methane reforming (SMR) hydrogen refueling stations. We evaluated the levelized cost of hydrogen (LCOH) for the SMR hydrogen refueling stations, which have production capacities of 100 kg/day (SMR 100), 200 kg/day (SMR 200), and 500 kg/day (SMR 500) utilizing the scale factor. The main results indicated that the LCOH of SMR 100, SMR 200, and SMR 500 were 14,367 won/kg, 11,122 won/kg, and 8,157 won/kg, if the utilizations of hydrogen stations were 70%. These results imply that the production capacity of the domestic SMR hydrogen station should be greater than 500 kg/day to compete with other hydrogen stations when we consider the current sale price of hydrogen at the hydrogen stations.

Evaluation of Suitable Locations of Green Care Farm Complex According to Spatial Scale (공간규모별 치유농업단지 입지잠재력 평가)

  • Lim, Hye-Ji;Bae, Seung-Jong;Koo, Hee-Dong;Kim, Dae-Sik
    • Journal of Korean Society of Rural Planning
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    • v.27 no.3
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    • pp.93-102
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    • 2021
  • This study was attempted to provide a scientific basis for the problem of location selection by spatial scale for efficient promotion of projects related to green care farm complex. Location potential assessment system in local government scale consists of two major components from demand-side and supply-side consideration. The demand-side aspect considered the characteristics of potential users, while supply-side aspect used total 18 indices over 8 divisions under 3 fields. For the location potential assessment in district scale, total 8 indices under 3 major divisions were considered based on biological, physical, social, and economic environment. The application results of the location potential evaluation system in local government scale(excluding metropolitan cities) showed high location potential in southern Gyeonggi Province and near Busan Metropolitan City. As a result of applying the district-scale location potential evaluation system to Geumsan-gun, Geumsan-eup, Chubu-myeon, and Jewon-myeon have high potential. Further studies to improve the applicability of the developed indices are recommended by enhancing assessment indices, complementing base data, and reinforcing with spatial analysis.

Performance of Pilot-Scale Biodiesel Production System (파일럿 규모의 바이오디젤 생산공정의 실증연구)

  • Jeong, Gwi-Taek;Park, Jae-Hee;Park, Seok-Hwan;Park, Don-Hee
    • KSBB Journal
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    • v.24 no.1
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    • pp.89-95
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    • 2009
  • Biodiesel (fatty acid alkyl esters), which is produced from sustainable resources such as vegetable oil, animal fat and waste oils, have used to as substitutes for petro-diesel. In this study, we investigate the performance of 30 L and 300 L pilot-scale biodiesel production system using alkali-catalyst transesterification from soybean oil and rapeseed oil produced at Jeju island in Korea. The 30 L-scale biodiesel production was performed to in the condition of reaction temperature $65^{\circ}C$, catalyst amount 1% (w/w) and oil to methanol molar ratio 1 : 8. At that reaction condition, the fatty acid methyl ester contents of product are above 98% within reaction time 30 min. Also, the conversion yield of over 98% was obtained in 300 L-scale biodiesel production system using rapeseed oil and soybean oil. The quality of biodiesel produced from reaction system was satisfied to recommended quality standard of Korea. Our results may provide useful information with regard to the scale-up of more economic and efficient biodiesel production process.