• Asia-Pacific Journal of Business
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• v.13 no.2
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• pp.139-154
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• 2022

Purpose - This study aims to analyzing of solar power generation cost-benefit. Design/methodology/approach - We analyzed whether there is economic feasibility by selecting parking lots and idle sites located in four areas of Seoul, Gyeonggi, Chungcheong, Jeolla, and Gyeongsang areas nationwide, and analyzing site conditions and installation capacity. Findings - According to the results of the analysis, it was found that there is low profitability in Seoul, Gyeonggi and Chungcheong regions, where the solar radiation was not excellent even if REC is selected through the contract market. However, it is necessary to analyzed the economical validity the profitable validity including environmental benefits (greenhouse gas reduction, NOx, SOx reduction effect) and social benefits (renewable power supply) that is analyzed by income and operating costs which is occurred from electricity sales and REC sales when installing solar power generation facilities. Research implications or Originality - In this study, economic feasibility was evaluated additionally in consideration of environmental and social benefits. In conclusion, it was shown that businesses are not economical when considering only simple financial aspects are also sufficiently economical when it is considering environmental and social benefits.

• Geomechanics and Engineering
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• v.32 no.2
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• pp.209-232
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• 2023

A comprehensive study was conducted to design economical foundations for a number of buildings on soft cohesive soil in the southern coastal regions of Iran. Both static and seismic loads were considered in the design process. Cyclic experiments indicated that the cohesive soil of the area has potential for softening. Consequently, the major challenge in the design stages was relatively high dimensions of settlement, under both static and seismic loadings. Routine soil-improvement methods were too costly for the vast area of the project. After detailed numerical modeling of different scenarios, we concluded that, in following a performance-based design approach and applying a special time schedule of construction, most of the settlement would dissipate during the construction of the buildings. Making the foundation as rigid as possible was another way to prevent any probable differential settlement. Stiff subgrade of stone and lime mortar under the grid foundation and a reinforced concrete slab on the foundation were considered as appropriate to this effect. In favor of an economical design, in case the design earthquake strikes the site, the estimations indicate no collapse of the buildings even if considerable uniform settlements may occur. This is a considerable alternative design to costly soil-improvement methods.

• Journal of Fashion Business
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• v.27 no.2
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• pp.88-107
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• 2023

This study aimed to understand the current status of practice for sustainability in luxury fashion brands. A total of five luxury brands (Louis Vuitton, Hermès, Gucci, Burberry, and Prada) were selected. Each company's official website, sustainability reports, and articles on sustainability practices were compiled. In addition, analysis was performed based on criteria of sustainability such as environmental, social, economical, and cultural dimensions. As a result, the biggest commonality of the five brands was that they promoted the most active change in the environment. These brands tried to reduce energy consumption in materials and production processes. Among them, Burberry, Gucci, and Louis Vuitton had their own departments for sustainability. However, there were differences in strategies of activities between brands for social, economical, and cultural sustainability. Among the five companies, Burberry and Gucci pursued sustainability strategies the most aggressively. They separated their sustainability strategies in terms of environmental, social, economical, and cultural aspects and shared them with consumers. A set of outcomes for the plan were provided as objective data. The sustainable management strategy has become a key strategy for long-term growth of the luxury brand market. To survive in the market, luxury brands should elaborate sustainable management strategies and actively share them with consumers.

• Journal of the Korea Organic Resources Recycling Association
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• v.24 no.2
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• pp.3-13
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• 2016

This study investigated the environmental and economical assessment for sewage sludge treatment options including biogasification, incineration, carbonization, drying, and solidification. Additionally it is also investigated the economical feasibility of the current guidelines (Digestion efficiency for organic waste = 45 %, Moisture content of sludge = 95 and 93 %) and it aimed to suggest the scientific informations for a policy-making. For the economical feasibility the 30 plants with anaerobic digestion treatment and the 17 plants without anaerobic digestion treatment were investigated. The result of the comparison of sewage sludge treatment options showed that anaerobic digestion+incineration was the most economically feasible considering incineration and drying. For smaller treatment capacity, solidification was the most economically feasible considering carbonization and solidification and anaerobic digestion+carbonization was the most economically feasible considering carbonization and solidification.

• Journal of the Korea institute for structural maintenance and inspection
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• v.13 no.6 s.58
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• pp.97-105
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• 2009

This study was conducted for the purpose of examinating the safety and economical efficiency of large high tension bolted joints. The specimen using F10T-M30 large high strength bolts has been selected and static tensile test has been conducted to evaluate the slip characteristics. In addition, finite element analysis has been carried out to estimate the number of required bolts. As a result, the average slip coefficient of M30 high strength bolts exceeded 0.4 - the standard in highway bridge design specification - and has satisfied the slip strength, which is the same as that of M22 high strength bolts. In addition, if F13T-M22 high strength bolts were applied, the number of required bolts decreased by 21%, and if F10T-M30 high strength bolts were applied, the number of required bolts decreased by 46%, that leads to the conclusion that the economical efficiency in accordance with diametering of high strength bolts was now verified.

• Journal of Advanced Research in Ocean Engineering
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• v.3 no.4
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• pp.184-192
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• 2017

The Korea Offshore Wind Power (KWOP) cooperation is planning to construct offshore wind energy farms with an overall rated power of 2.5 GW along the southwestern coast by 2019. Hitherto, various structural types of support structures for offshore wind turbines have been being proposed, but these structures have lacked economic analysis studies. Therefore, their economical superiority to existing types has been difficult to guarantee. An offshore structure with economic efficiency will have a minimum amount of mobilizing equipment and short offshore construction period because of the application of rapid installation methods. Thus, the development of a new support structure with economic efficiency is generally considered to be necessary. Accordingly, this paper proposes a newly developed and more economical jacket type for the offshore support structure. This study confirmed its structural safety and performance by conducting a structural analysis and eigenvalue analysis. The manufacturing and installation costs were then estimated. As a result, the new jacket type of offshore support structure proposed in this study significantly reduced the manufacturing and installation costs. Therefore, it is expected that the proposed jacket will contribute to reducing construction expenses for new wind power farms and invigorating wind power farm businesses.

• Steel and Composite Structures
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• v.2 no.3
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• pp.209-222
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• 2002

This paper describes the buckling phenomenon of a tubular truss with unsupported length through a full-scale test and presents a practical computational method for the design of the trusses allowing for the contribution of torsional stiffness against buckling, of which the effect has never been considered previously by others. The current practice for the design of a planar truss has largely been based on the linear elastic approach which cannot allow for the contribution of torsional stiffness and tension members in a structural system against buckling. The over-simplified analytical technique is unable to provide a realistic and an economical design to a structure. In this paper the stability theory is applied to the second-order analysis and design of the structural form, with detailed allowance for the instability and second-order effects in compliance with design code requirements. Finally, the paper demonstrates the application of the proposed method to the stability design of a commonly adopted truss system used in support of glass panels in which lateral bracing members are highly undesirable for economical and aesthetic reasons.

• Computers and Concrete
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• v.18 no.1
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• pp.53-68
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• 2016

In this study, an investigation is made from the statics and economic aspects of the possibility of using the composite material ferrocement on the surfaces of squat cylindrical grain silos. For this purpose, the geometry of two model silos, each of height 5 m and diameter 5 m and 12.5 m, was designed. Five different reinforced plates of 10 and 20 mm thickness were produced to research the most suitable ferrocement plates to be used on the surface of these silos. Most durable reinforcement type for covering the silo surface was determined by pressure and bending tests. Grade 30 and Grade 55 steel plates were also considered for use in covering steel-coated silos. In the statics analysis performed with SAP2000, the least plate thicknesses needed for silos surfaced with Grade 30 and Grade 55 steel were found to be 6.20 mm and 4.70 mm respectively for silos of diameter 5 m, and 6.70 mm and 5.00 mm for silos of diameter 12.5 m. In the economic analysis, it was found that 20 mm thick Type 4 (with a wire diameter of 0.30 mm and a mesh aperture of $2mm{\times}2mm$ square type) reinforced ferrocement surfacing material was 5.6-6.1 times more economical than Grade 30 steel surfacing material and 4.4-4.7 times more economical than using Grade 55 steel. These results show that ferrocement can be used in place of steel from the point of view both of statics and economy.

• Computers and Concrete
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• v.17 no.5
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• pp.579-596
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• 2016

This paper describes a method of the refined plastic hinge approach in the framework of the higher-order element formulation that can efficaciously evaluate the limit state capacity of a whole reinforced concrete structural system using least number of element(s), whereas the traditional design of a reinforced concrete structure (i.e. AS3600; Eurocode 2) is member-based approach. Hence, in regard to the material nonlinearities, the efficient and economical cross-section analysis is provided to evaluate the element section capacity of non-uniform and arbitrary concrete section subjected to the interaction effects, which is helpful to formulate the refined plastic hinge method. In regard to the geometric nonlinearities, this paper relies on the higher-order element formulation with element load effect. Eventually, the load redistribution can be considered and make full use of the strength reserved owing to the redundancy of an indeterminate structure. And it is particularly true for the performance-based design of a structure under the extreme loads, while the uncertainty of the extreme load is great that the true behaviour of a whole structural system is important for the economical design approach, which is great superiority over the conservative optimal strength of an individual and isolated member based on traditional design (i.e. AS3600; Eurocode 2).

• Journal of Hydrogen and New Energy
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• v.20 no.2
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• pp.104-115
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• 2009

In case of residential fuel cell system, it is significant to stably supply heat and power to a house with high efficiency and low cost for the successful commercialization. In this paper, the control strategy analysis has been performed to minimize the total cost including capital and operating cost of the residential fuel cell system. The proposed analysis methodology is based on the simulator including the efficiency models as well as the cost data for fuel cell components. The load control strategy is the key factor to decide the system efficiency and thus the cost analysis is performed when the fuel cell system is operated for several different load control logics. Additionally, annual efficiency of the system based on the seasonal load data is calculated since system efficiency is changeable according to the electric and heat demand change. As a result, the hybrid load control combined electricity oriented control and heat oriented control has the most economical operation.