• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.28 no.3
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• pp.103-109
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• 2016

The purpose of this study is to perform comparative economic evaluation for the systems of ground source heat pump (GSHP) and district heating and cooling (DHC) by focusing on the analysis of operation case of GSHP. The adapted research object is a public office building located in Seoul. The capacity of ground source pump is about 3,900 kW. Ground heat exchanger is closed loop type. The analysis period for life cycle cost is 30 years. Economic evaluation is assessed from the viewpoints of the following four parts: initial cost, energy cost, maintenance and replacement cost, and environment cost. The total life cycle cost of GSHP is approximately 8,447 million won. The cost of the DHC System is approximately 3,793 million won. The cost of the DHC is approximately 46% lower than GSHP system under the condition of current rate for GSHP and DHC.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.17 no.6
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• pp.560-568
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• 2005

The cost accounting of electricity and heat produced from an energy system is important in evaluating the economical efficiency and deciding the reasonable sale price. The OECOPC method, suggested by the author, was applied to a 650 MW combined cycle cogeneration system having 4 operating modes, and each unit cost of electricity and heat products was calculated. In case that a fuel cost is ${\\}400/kg$ and there are no direct and indirect cost, they were calculated as follows; electricity cost of ${\\}23,700/GJ$ at gas-turbine mode, electricity cost of ${\\}15,890/GJ$ at combined cycle mode, electricity cost of ${\\}14,146/GJ$ and heat cost of ${\\}6,466/GJ$ at cogeneration mode, and electricity cost of ${\\}14,387/GJ$ and heat cost of ${\\}4,421/GJ$ at combined cycle cogeneration mode. Further, these unit costs are applied to account benefit on this system. Since the suggested OECOPC method can be applied to any energy system, it is expected to contribute to cost accounting of various energy systems.

• KIEE International Transactions on Power Engineering
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• v.5A no.3
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• pp.286-292
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• 2005

As the power industry moves towards open competition, there has been a call for methodology to evaluate power system reliability by using composite interruption cost. This paper presents algorithms to evaluate the interruption cost of distribution power systems by taking into consideration the failure source and the composite customer interruption cost. From the consumer's standpoint, the composite customer interruption cost is considered as the most valuable index to estimate the reliability of a power distribution system. This paper presents new algorithms that consider the load by customer type and failure probability by distribution facilities while calculating the amount of unserved energy by customer type. Finally, evaluation results of unserved energy and system interruption cost based on composite customer interruption cost are shown in detail.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.22 no.1
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• pp.603-613
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• 2021

As a core policy for achieving the goal of reducing greenhouse gas emissions in the building sector, Korea has enforced the mandatory certification of zero energy buildings for new public buildings from 2020. This study suggests energy-saving technologies and economic factors that building officials can refer to for decision-making on the implementation of zero energy buildings. For this study, the construction cost for the energy item of a building was analyzed by collecting the building energy efficiency level certification data and detailed construction cost statement data from public institutions for the last three years. Based on the building energy efficiency certification data, each energy item of the baseline building was derived, and the energy performance of the zero energy building was derived through repetitive simulations by gradually increasing the energy performance value of the baseline building. By applying the analyzed construction cost, the construction cost for each energy item of the baseline and zero energy buildings was derived. As a result, the lighting equipment contributed up to 10.5% energy savings, and the increase in construction cost of the cooling and heating system was at least 9.1%.

• Journal of Energy Engineering
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• v.15 no.1 s.45
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• pp.14-22
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• 2006

Various pros and cons are raised as to the nuclear and renewable power portions. In order to generate scientific, objective, and comparative data, this study reviewed energy policies of some countries and derived 34 possible energy mix scenarios depending on the nuclear portion, the renewable portion and the make-up power sources. For each scenario, the unit electricity cost was calculated using the BLMP (Base Load Marginal Price) and SMP (System Marginal Price) methodology, which is currently adopted in Korean electricity market. The unit electricity cost for the current energy mix was 22.18 Won/kWh and those fir other scenarios spreaded from 19.74 to 164.07 Won/kWh excluding the transmission costs and profits of the electric utility companies. Generally, the increased nuclear power portion leads reduction in the unit electricity cost while the trend is reversed in the renewable power portion. Notable observation is that when the renewable power portion exceeds 20%, as the scenario cannot enjoy the benefit of cheap base load, the unit electricity cost at low demand time zone is increased.

• Journal of the Korean Society for Geothermal and Hydrothermal Energy
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• v.7 no.1
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• pp.59-64
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• 2011

Feasibility study on energy saving system by utilizing exhausted heat from subway, which is one of the unused energy, was carried out. General heat source system using absorption chiller-heater was used for comparing to the energy saving system, and payback period method using initial cost and running cost of two systems, was used to perform economic estimation. Payback period was about ten years, and this period might be shortened if nation's economic support enact.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.10
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• pp.1393-1398
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• 2012

Due to environmental regulation and technical improvements, renewable energy sources (RES) are increasingly penetrated and operated in power systems. Clean energy technologies have become cost-competitive with conventional power systems, and in the near future, the generation cost of RES is expected to approach grid parity. In this situation, it should be considered an extraordinarily important issue to be maximized resulting in utilization of RES as well as to develop technologies for efficiency improvement of RES. Therefore, in this paper, the method for determining an optimal installed capacity and interconnected location of RES is proposed in order to minimize the cost of energy not supplied, which can contribute to improve distribution reliability.

• Proceedings of the SAREK Conference
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• 2008.06a
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• pp.243-248
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• 2008

The purpose of this study is to introduce alternative cost-effectiveness analysis method of DSM investment programs. This alternative method is Value Test method which consider the effects of DSM investment program on customer value. And this method was applied for actual DSM investment program in natural gas domain. By utilize this method to evaluate cost-effectiveness of DSM investment programs, it is expected to make right decision to enforce and complement those programs.

• Journal of the Korean Solar Energy Society
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• v.24 no.3
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• pp.93-100
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• 2004

This study aims to presents the applicability of economic measures for renewable energy The basic principle and method of economic analyses were investigated and total life cycle cost considering environmental costs according to $CO_2$ generation. In case study, adaptation of new small wind power system to buildings were proved to produce a profit if it is considered the environmental cost and increment of energy prices. And so the economic measures can be used not only for the investment decisions for economic analysis but also for the comparative analysis of environmental cost and economic profits.

• Journal of Construction Engineering and Project Management
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• v.3 no.3
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• pp.17-22
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• 2013

In many urban cities, super-tall buildings have been being constructed around New York and Chicago as the center since 1930 to improve the efficiency of land use and respond to new residential type. In terms of energy consumption, super-tall buildings are classified as a top energy consumption building. Also, as time passed, the degradation of energy performance occurs in super-tall buildings like general things so that these cannot show the initial performance planned in the design phase. Accordingly, building owners need to make a plan to apply energy saving measures to existing building during the operation phase. In order to select energy saving measures, calculus-based methods and enumerative schemes have been typically used. However, these methods are time-consuming and previous studies which used these methods have problems with not considering the initial construction cost. Consequently, this study proposes a model for selecting an optimal combination of energy saving measures which derives maximum energy saving within allowable cost using genetic algorithms. As a contribution of this research, it would be expected that a model is utilized as one of the decision-making tools during the planning stage for energy saving.