• Title/Summary/Keyword: Economic of Scale

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Framework for Optimum Scale Determination for Small Hydropower Development Using Economic Analysis (경제성분석에 의한 소수력 개발의 최적규모 결정 방안)

  • Kim, Kil-Ho;Yi, Choong-Sung;Lee, Jin-Hee;Shim, Myung-Pil
    • Journal of Korea Water Resources Association
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    • v.40 no.12
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    • pp.995-1005
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    • 2007
  • This study presents a framework for optimum scale determination for small hydropower development in a river basin. The framework includes the construction of hydrology and topography data, the simulation of hydropower operation, the economic analysis, and the determination of optimum scale of the small hydropower. The optimum scale of design flow and facility are determined by Net Present Value among economic analysis indices. The investment cost is estimated by the cost function derived from the construction cost of existing small hydropower plants. The benefit from power generation is estimated by the price announced by government. The presented framework is applied to the two potential sites in Cho River basin for the dam and run-of-river type of plants. Finally, the sensitivity analysis for a design flow and scale of the plant is performed for the each site. The usage of the framework presented in the study is highly expected for the estimation of potential hydropower resources or the decision support tool for a proprietor by estimating the optimum scale and economical feasibility in advance.

A Trend Analysis of Competition Positioning in Korean Seaport by Using BCG Matrix

  • Park, Ro-Kyung
    • Proceedings of the Korea Port Economic Association Conference
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    • 2006.08a
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    • pp.253-276
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    • 2006
  • This paper has shown the trend of competition positioning of 26 Korean ports in 1994, 1999, and 2003 by using BCG matrix which consists of relative market shares, growth rate of cargo handling, and also growth rate and CCR and BCC efficiency scores with scale efficiency scores in the vertical and horizontal axes. The empirical main results are as follows. First, Incheon Port, Pyungtag Port, Gwangyang Port, Busan Port, Pohang Port and Woolsan Port have shown their competitive positioning in terms of market share and growth rate. Second, Pyungtag Port, Wando Port, Tongyoung Port, Gohyun Port, Samcheog Port, and Okgae Port have their competitive positioning in terms of growth rate and scale efficiency scores. The main policy implication of this paper is to emphasize that BCG matrix method using in this paper can give seaport manager the basic information for planning the future port management for enhancing the competitive positioning among Korean seaports.

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The Data Envelopment Analysis of Container Terminals to Transshipment Cargo (환적화물의 컨테이너 터미널 효율성 분석)

  • Park, Hong-Gyun
    • Journal of Korea Port Economic Association
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    • v.26 no.1
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    • pp.1-19
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    • 2010
  • This paper focuses measuring the efficiency of container yards on container terminals in Busan (Gasungdae, Shinsundae, Gamman, New Gamman, Uam, Gamchon, PNC) and Gwangyang(GICT, KEC, Dongbu, KIT) using Data Envelopment Analysis(DEA) approach. Container terminals in Busan and Gwangyang play an important role in the region's economic development. The results show that Shinsundae was an efficient DMU during the period of 2007 to 2009, while Gamman, New Gamman and PNC were efficient terminals in 2009. The very inefficient terminals were shown to be GICT, KEC, Dongbu and KIT. GICT(2009), KEC(2009), Dongbu(2008-2009), KIT(2009) on Gwangyang Port were found to be relatively the inefficient terminals in terms of the returns to scale. This study also finds that the efficiency of Shinsundae terminal was so high as to be abel to keep its efficiency in spite of the additional increase of the inputs from 2007 to 2009. Gamman terminal was in the decreasing returns to scale in 2009, while the other terminals were in the increasing returns to scale. It means that we are able to improve the efficiency of the Gamman terminal with increasing returns to scale through enlarging the scale.

A study on the Relationships between Role Conflict and Psychological/Physical Distress of Dual-earner Couples (막벌이부부의 역할갈등과 심리적.신체적 디스트레스와의 관계)

  • 하현숙
    • Journal of the Korean Home Economics Association
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    • v.34 no.4
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    • pp.309-326
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    • 1996
  • The purpose of the study was to preset the relationships between role conflict and psychological/physical distress of dual/earner families in Pusan. the questionnaire was composed of socio-economic status, wives' work time, spouse's emotional support scale, husbands' housework participation, role conflict scale, psychologica/physical distress scale. The major findings were as follows : 1. The level of role conflict and psychological/physical distress were higher among wives than among husbands. 2. Role conflict were the most important factor affecting the level of psychological/physical distress directly. 3. Wives' psychological/physical distress were significantly affected by role conflict and socio-economic status directly. Wives' psychological/physical distress were affected by wives' work time, husbands' emotional support, husbands' housework participation indirectly. 4. Husbands' psychological distress was significantly affected by role conflict and husbands' housework participation directly. Husbands' physical distress was significantly affected by role conflict directly. Husbands' psychological/physical distress were affected by wives' work time, wives' emotional support indirectly.

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A Study on the Railway Network Planning of International logistics in Northeast Asia (동북아 국제물류에서의 철도네트워크 구축 방향)

  • Lee, Hyun-Ju;Kim, Hyun-Woong
    • Proceedings of the KSR Conference
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    • 2009.05a
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    • pp.388-395
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    • 2009
  • The objectives of this study are to analyze the railway traffic conditions of Korea, China and Japan, and to appropriate the railway network planning for international logistics in Northeast Asia. Korea is located geographically on the main trunk route in Northeast Asia. Considering the geographical advantage and the overall potential of the economic and trade in Northeast Asia region, this area is required to connect the railway network. Recently, the scale of economic in Northeast Asia, including Korea, China and Japan, is increasing, also Northeast Asia's gross domestic product(GDP) is 22 percent of global and containers trade come up to 36 percent. Each country intend about integration of economic region for activity of mutual economic cooperation, for steady development and prosperity of each country economic all over the world, and Northeast Asia countries are in debate. There is a quite possibility of integration by a single economic region in Korea, China and Japan. Accordingly these countries should have expansion of traffic infrastructure, when the economic region is going to integration.

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Impact of Bridge Construction on County Population in Georgia

  • Jeong, M. Myung;Kang, Mingon;Jung, Younghan E.
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.1017-1023
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    • 2022
  • Past research shows that the construction of new infrastructure accelerates economic growth in the region by attracting more people and commodities. However, the previous studies only considered large-scale infrastructures such as sea-cross bridges and channel tunnels. There is a paucity of literature on regional infrastructure and its impact on socio-economic indicators. This paper explores the impact of new bridge construction on the human population, particularly focusing on regional bridges constructed during the 2000s in the state of Georgia. The human population at a county level was selected as a single socio-economic factor to be evaluated. A total of 124 cases were investigated as to whether the emergence of a new bridge affected the population change. The interrupted time series analysis was used to statistically examine the significance of population change due to the construction by treating each new bridge as an intervention event. The results show that, out of the 124 cases, the population of 67 cases significantly increased after the bridge construction, while the population of 57 cases was not affected by the construction at a significance level of 0.05. The 124 cases were also analyzed by route type, functional class, and traffic volume, but the results revealed, unlike large-scale infrastructure, that no clear evidence was found that a new bridge would bring an increase in the human population at a county level.

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An Economic Assessment of Large-scale Battery Energy Storage Systems in the Energy-Shift Application to Korea Power System (장주기 대용량 전력저장장치의 부하이전에 대한 실계통 적용 경제성 평가 연구)

  • Park, Jong-Bae;Park, Yong-Gi;Roh, Jae-Hyung;Chang, Byung-Hoon;Toon, Yong-Beum
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.64 no.3
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    • pp.384-392
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    • 2015
  • This paper presents an economic assessment of large-scale Li-ion battery energy storage systems applied to Korean power system. There are many applications of the battery energy storage systems (BESSs) and they can provide various benefits to power systems. We consider BESSs to the energy time-shift application to Korean power system and evaluate the benefits from the application of BESS in the social perspective. The mixed integer programming (MIP) algorithm is used to resolve the optimal operation schedule of the BESS. The social benefits can include the savings of the fuel cost from generating units, deferral effects of the generation capacity, delay of transmission and distribution infra construction, and incremental CO2 emission cost impacts, etc. The economic evaluation of the BESS is separately applied into Korean power systems of the Main-land and Jeju island to reflect the differences of the load and generation patterns.

Impact of Government Response to COVID-19 on the Role of GVC and Transportation

  • Hyuksoo Cho;Sang-kyun Kim
    • Journal of Korea Trade
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    • v.27 no.2
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    • pp.22-46
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    • 2023
  • Purpose - study aims to investigate the relationships between global value chain (GVC)- and transportation-related determinants and economic performance. Also, moderating effects of COVID-19 on the relationships are theoretically and empirically discussed. A limitation of previous studies includes their over-reliance on the opportunities of GVC participation and larger transportation. This study represents the challenges associated with them. Also, it shows how GVC and logistics can be difficult in case of a market fluctuation such as COVID-19. Design/methodology - The sample for this study includes 828 observations from 138 countries. A semi-panel data set has been used. Six observations for each country are used to empirically test the hypotheses and a Two-way cluster model is conducted. Findings - It is confirmed that GVC forward participation contributes more than the backward participation to enhance performance. Transportation infrastructure is critical, but large scales of marine and air transportations are not positive in terms of economic performance. Stricter government response to COVID-19 negatively moderates economic performance by GVC backward participation and transportation infrastructure. Originality/value - The spread of COVID-19 is causing a severe collapse of GVC and transportation. This study empirically verifies the moderating effects of the government stringency on GVC and transportation. Previous studies usually discuss a positive impact of GVC and transportation size on economic performance. However, this study aims to show various challenges behind GVC participation and large scale transportation.

A Study on Economic Evaluation Modeling of MVDC Distribution System for Hosting Capacity of PV System (태양광전원 수용을 위한 MVDC 배전망의 경제성평가 모델링에 관한 연구)

  • Lee, Hu-Dong;Kim, Ki-Young;Kim, Mi-Sung;Rho, Dae-Seok
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.22 no.3
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    • pp.1-12
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    • 2021
  • Technologies for an MVDC(medium voltage direct current) distribution system are being considered as an effective alternative to overcome the interconnection delay issues of PV systems. However, the implementation of a DC distribution system might lead to economic problems because of the development of DC devices. Therefore, this paper deals with the scale of a PV plant based on its capacity and proposes hosting-capacity models for PV systems to establish a network to evaluate the feasibility of an MVDC distribution system. The proposed models can be classified as AC and DC distribution systems by the power-supply method. PV systems with hundreds of MW, dozens of MW, and a few MW can be categorized as large-scale, medium-scale, and small-scale models, respectively. This paper also performed modeling for an economic evaluation of MVDC distribution system by considering both the cost of AC and DC network construction, converter replacement, operation, etc. The profit was composed of the SMP and REC rate of a PV plant. A simulation for economic evaluation was done for the MVDC distribution system using the present worth and equal-principal costs repayment method. The results confirmed that the proposed model is a useful tool to evaluate economic issues of a DC distribution system.

Economic implications of optimal operating conditions in a full-scale continuous intermittent cycle extended aeration system (ICEAS) (실규모 연속유입간헐폭기 공정(ICEAS)에서 최적운전조건이 경제성에 미치는 영향)

  • Yong-jae Jeong;Yun-Seong Choi;Seung-Hwan Lee
    • Journal of Korean Society of Water and Wastewater
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    • v.38 no.1
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    • pp.29-38
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    • 2024
  • Wastewater management is increasingly emphasizing economic and environmental sustainability. Traditional methods in sewage treatment plants have significant implications for the environment and the economy due to power and chemical consumption, and sludge generation. To address these challenges, a study was conducted to develop the Intermittent Cycle Extended Aeration System (ICEAS). This approach was implemented as the primary technique in a full-scale wastewater treatment facility, utilizing key operational factors within the standard Sequencing Batch Reactor (SBR) process. The optimal operational approach, identified in this study, was put into practice at the research facility from January 2020 to December 2022. By implementing management strategies within the biological reactor, it was shown that maintaining and reducing chemical quantities, sludge generation, power consumption, and related costs could yield economic benefits. Moreover, adapting operations to influent characteristics and seasonal conditions allowed for efficient blower operation, reducing unnecessary electricity consumption and ensuring proper dissolved oxygen levels. Despite annual increases in influent flow rate and concentration, this study demonstrated the ability to maintain and reduce sludge production, electricity consumption, and chemical usage. Additionally, systematic responses to emergencies and abnormal situations significantly contributed to economic, technical, and environmental benefits.