• Title/Summary/Keyword: Energy Cost

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Optimization approach of insulation thickness of non-vacuum cryogenic storage tank

  • MZAD, Hocine;HAOUAM, Abdallah
    • Progress in Superconductivity and Cryogenics
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    • v.22 no.1
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    • pp.17-23
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    • 2020
  • Cryogenic insulation systems, with proper materials selection and execution, can offer the highest levels of thermal performance. Insulations are listed in order of increasing performance and, generally, in order of increasing cost. The specific insulation to be used for a particular application is determined through a compromise between cost, ease of application and the effectiveness of the insulation. Consequently, materials, representative test conditions, and engineering approach for the particular application are crucial to achieve the optimum result. The present work is based on energy cost balance for optimizing the thickness of insulated chambers, using foamed or multi layered cryogenic shell. The considered insulation is a uniformly applied outer layer whose thickness varies with the initial and boundary conditions of the studied vessel under steady-state radial heat transfer. An expression of the optimal insulation thickness derived from the total cost function and depending on the geometrical parameters of the container is presented.

Thermoeconomics Analysis to apply net concept of material flow to Power System (발전시스템에 물질흐름의 net 개념을 적용한 열경제학 해석)

  • Kim, Deok-Jin
    • Proceedings of the KSME Conference
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    • 2000.04b
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    • pp.962-969
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    • 2000
  • Quality that character of energy is the same at every state in case of equal working fluid and net concept of material flow was applied to thermoeconomics about energy system, and we could naturally explain the suitable degree about this concept, also thermoecomic equations about general power plant was easily deduced. And deduced equations exactly corresponded with principle of thermoeconomics that overall input cost flow rate equal overall output cost flow rate. This equations is applied to gas turbine cogeneration power plant as one example and found the product unit cost. Also this product cost comparison could been naturally explained.

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Optimal Heat Exchanger Network Synthesis for Minimum Equipment Cost (최소 유틸리티 및 장치비를 위한 최적 열 교환망 합성)

  • 김경숙;조영상;김호기
    • Journal of Energy Engineering
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    • v.1 no.1
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    • pp.87-96
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    • 1992
  • Two major difficulties with finding an optimal solution to the heat exchanger network synthesis problems are the large solutionspace and the uncertainty in the formulation of the annual cost function. In this work, to overcome the first difficulty a problem reduction technique was developed. The second difficulty was also removed by dividing the annual cost function into four cost items. The optimal network structure for minimum equipment cost is then obtained by repeatedly applying the problem reduction technique and the heuristics in turn. The efficiency and the superiority of the method is demonstrated by examining two selected example problems.

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An Economic Analysis on Slush Hydrogen Containing Liquid and Solid Phase for Long-Term and Large-Scale Storage (장주기/대용량 수소저장을 위한 액체/고체기반 Slush 수소의 저장 비용 분석)

  • PARK, SUNGHO;LEE, CHANGHYEONG;RYU, JUYEOL;HWANG, SEONGHYEON
    • Transactions of the Korean hydrogen and new energy society
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    • v.33 no.3
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    • pp.247-254
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    • 2022
  • Slush hydrogen containing liquid and solid hydrogen is expected to achieve zero boil-off by suppressing boil-off gas because heat of fusion for solid absorbe the heat ingress from atmosphere. In this paper, quantitative analysis on storage cost considering specific energy consumption between 1,000 m3 class liquid hydrogen storage system with re-liquefaction and slush hydrogen storage system during equivalent zero boil off period. Even though approximately 50% of total storage capacity should be converted into solid phase during the initial cargo bunkering, total energy consumption to convert into slush hydrogen is relatively 25% less than re-liquefaction energy for boil off hydrogen during zero boil off period. That's because energy consumption of slush phase change take up only 1.8% of liquefaction energy. moreover, annual revenue requirement including CAPEX, OPEX and electric cost for slush hydrogen storage could be more reduced approximately 32.5% than those of liquid hydrogen storage and specific energy storage cost ($/kg-H2) could also be lowered by about 41.7% compared with liquid hydrogen storage.

A Feasibility Study on the Benefit of Daylighting by LCC Analysis (LCC 기법을 통한 자연채광의 경제성 분석에 대한 연구)

  • Kim, Jeong Tai;Kim, Gon
    • KIEAE Journal
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    • v.6 no.1
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    • pp.3-10
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    • 2006
  • As has been expected, economic factors are a major consideration in almost every decision in building design process. Assuming that improving a lighting system, existing or proposed, will reduce operating cost, what preliminary economic guidelines can be established to determine whether any proposed investment appears cost effective? In such a case a reasonable technique to compare system costs is by life-cycle costing. Stated simply, a life-cycle cost represents the total cost of a system over its entire life cycle, that is, the sum of first cost and all future costs. This paper aims to exemplify the benefit of daylighting in term of economic consideration. Four different electric lighting system designs are proposed and a lighting control system that is continuously operating according to the level of daylight in the space has been adapted. The accumulated performance of electric and daylighting is figured out to declare the effective depth of daylight in the space. The analysis on the saving amount of lighting energy due to daylight has been undertaken in answer to the question, that is, several projects are being considered, which is the most desirable from the cost-effectiveness viewpoint. The result shows clearly that although denser layout of lighting fixtures might be more effective to interface to the level of daylight ceaselessly changeable, its economic benefit may not meet the expected criterion the reason of increased initial investment and maintenance cost for the fixtures and control hardware.

Web based Online Outage Cost Assessment and Information System of Electrical Energy (웹기반 온라인 전기에너지 공급지장비 추정 및 정보 시스템의 개발)

  • Lim, Jin-Taek;Choi, Jae-Seok;Jeon, Dong-Hoon;Seo, Chul-Soo;Lee, Jae-Gul
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.61 no.9
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    • pp.1249-1259
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    • 2012
  • This paper proposes a Web Based Online Outage Cost Assessment and Information System(WOOCAIS) for power system outage cost assessment. The proposed WOOCAIS is a kind of web based survey method for outage cost assessment. While conventional survey methods have done outage cost assessment based on survey paper lists collected by post mail or visiting customers, the proposed WOOCAIS is a web based online survey operation and assessment system. Therefore, it can curtail expenditure for survey and also is more convenient than conventional method. It will be set up for actual outage cost assessment system of KEPCO in South Korea in the near future. The WOOCAIS will be applied in various research and actual planning and operation areas. First of all, the assessed results may be not only applied as one of objective function for generation system and grid expansion but also operational planning problems in power system.