• Title/Summary/Keyword: Ideal Cost

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The Economic Evaluation of the Renewable Energy Projects using the Geske Model (게스케(Geske) 모델을 이용한 신재생에너지사업의 경제성 분석)

  • Jaehun Sim
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.45 no.4
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    • pp.31-41
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    • 2022
  • As the environmental impacts of fossil fuel energy sources increase, the South Korean government has tried to change non-environmental-friendly enery sources to environmental-friendly energy sources in order to mitigate environmental effects, which lead to global warming and air pollution. With both a limited budget and limited time, it is essential to accurately evaluate the economic and environmental effects of renewable energy projects for the efficient and effective operation of renewable energy plants. Although the traditional economic evaluation methods are not ideal for evaluating the economic impacts of renewable energy projects, they can still be used for this purpose. Renewable energy projects involve many risks due to various uncertainties. For this reason, this study utilizes a real option method, the Geske compound model, to evaluate the renewable energy projects on Jeju Island in terms of economic and environmental values. This study has developed an economic evaluation model based on the Geske compound model to investigate the influences of flexibility and uncertainty factors on the evaluation process. This study further conducts a sensitivity analysis to examine how two uncertainty factors (namely, investment cost and wind energy production) influence the economic and environmental value of renewable energy projects.

Human Experience Using Virtual Reality for an Optimal Architectural Design (효율적인 건축디자인을 위한 가상현실을 활용한 공간경험연구)

  • Chun, Soo Kyung;Cha, Seung Hyun
    • Journal of KIBIM
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    • v.14 no.1
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    • pp.1-10
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    • 2024
  • Virtual reality is one of the key emerging technologies of the 21th century and it has been used in a variety of ways in the fields of architectural research. Virtual reality is presented as an ideal alternative for studying the interaction between space and humans because it provides a realistic spacial experience while allowing experimenters to control environmental variables at a low cost easily. It allowed us to deepen our knowledge of human spatial experience in the built environment. However, existing reviews do not include the following points: 1) previous review research has been focused on using virtual reality technology in construction and engineering, not spatial experience, 2) recently, some review researches started to study the interaction between space and humans in the built environment, however, they do not suggest specific concepts of spatial experience. The present review aims to examine the existing literature about measuring spatial experience using virtual reality in architectural design. The study conducted a systematic qualitative review that analyzes and synthesizes the evolving literature regarding design elements, methodology, and usability. The study concludes with an overall discussion and their potential for providing further directions for future research.

Revisiting the trilemma of modern welfare states - Application of the fuzzy-set ideal type analysis - (복지국가 트릴레마 양상의 변화 - 퍼지셋 이상형 분석의 적용 -)

  • Shin, Dong-Myeon;Choi, Young Jun
    • 한국사회정책
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    • v.19 no.3
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    • pp.119-147
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    • 2012
  • This paper aims to explore whether the trilemma of welfare states has been a valid argument about the recent change of welfare states. Based on fuzzy-set ideal type analysis of data from seventeen OECD countries, it examines that welfare states have achieved three core policy objectives -income equality, employment growth and fiscal discipline- in the service economy during the period between 1981 and 2010. The evidence presented in this paper does not support the trilemma of the service economy where only two goals can be pursued successfully at one time, at a cost of the other remained goal. The trilemma has been effective only to the countries in liberal welfare regime where employment growth and fiscal discipline has been achieved at a cost of higher levels of income equality. However, conservative welfare-state regimes have experienced the deterioration of income equality and fiscal restraint after the mid 1980s and it seems that they have diverged into various models. In the countries of the social democratic welfare regime, the goals of equality and employment have been achieved simultaneously together with fiscal discipline since the early 2000s. While they are classified as the perfect model in the research, Southern European welfare states including Greece and Italy, classified as 'the crisis model', have not performed well in all the three aspects. On the evidence presented in this paper, it can be said that the trilemma of welfare states in the service economy is not effective to explain the policy goals of welfare state as well as the result of redistributive politics in the service economy.

A Study on the Analysis of Reliability and Loss Cost by Appling k out of n System in Combined On-board Signaling System (차상통합신호시스템에서 k out of n 시스템 적용에 대한 신뢰도 및 손실비용 분석에 관한 연구)

  • Kim, Min-Kyu;Cha, Gi-Ho;Kim, Min-Seok;Lee, Jong-Woo
    • Journal of the Korean Society for Railway
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    • v.15 no.1
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    • pp.42-47
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    • 2012
  • There are ATC (Automatic Train Control), ATP (Automatic Train Protection), ATS (Automatic Train Stop) and ATO (Automatic Train Operation) etc. in train control systems. As various train control systems are installed according to sections, on-board signaling systems are installed to apply to the section. Hence, operation flexibility of trains is decreased. In other words, when trains are operated in the section where other train control systems are used, the on-board signaling systems are changed. Recently, a study on the combined on-board signaling system has been researched to solve this problem. The combined on-board signaling system consists of ATC, ATP and ATS device. Because the train control systems are vital, it needs to design the combined on-board signaling system by using k out of n system. In this paper, when k out of n system is applied in the combined on-board signaling system, the reliability and loss cost are analyzed by using failure rate in each device. Hence, the ideal number of systems is presented according to the number of outputs.

Potential Welfare Loss from Using Imperfect Environmental Taxes (불완전한 환경세 사용에 따른 잠재적 후생 손실)

  • Hong, Inkee
    • Environmental and Resource Economics Review
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    • v.24 no.1
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    • pp.1-53
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    • 2015
  • In environmental policy areas, a greater use of economic instruments (EIs) has recently been observed in many countries. However, EIs are heterogeneous policy tools. The textbook case of a Pigouvian tax is far from widely used, mainly due to the information requirements and other structural and institutional constraints. The successful implementation of EIs might heavily depend on pre-existing structural and institutional conditions. Moreover, these institutional conditions are particularly unfavorable in developing countries. Using a simple analytical general equilibrium model, this paper examines how these constraints affect the welfare gain from the introduction of environmental taxes in developing countries. First, this paper solves for the second-best optimal Pigouvian tax and output tax in the presence of a distortionary tax on market use of labor. The result confirms that an environmental output tax achieves a socially-efficient level of emissions in the least-cost manner only if the nature of the linkage between the tax base and the environmental damage is fixed. Second, incorporating structural and institutional constraints into the model through a set of parameter values from China and the US, this paper calculates the net welfare effects of either using the ideal Pigouvian tax or instead using an output tax. The numerical simulation results show that the net welfare gain from the use of an ideal Pigouvian tax could be more than six times larger than that of an output tax in developing countries. On the other hand, the welfare gain is only 50 percent in developed countries. This means that the potential welfare disadvantage from using output taxes instead emissions tax for environmental purposes could be much greater in the case of developing countries.

Development of a Novel Process to produce Biodiesel and its use as fuel in CI Engine performance study

  • Mishra, Prasheet;Lakshmi, D.V.N.;Sahu, D.K.;Das, Ratnakar
    • International journal of advanced smart convergence
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    • v.4 no.1
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    • pp.154-161
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    • 2015
  • A novel process has successfully been developed by overcoming major difficulties through the elimination of number of process steps involved in the Classical Transesterification reaction during the preparation of Fatty Acid Methyl/Ethyl Ester (FAME.FAEE) called biodiesel. The Classical process with cost intensive process steps such as the utilization of excess alcohol, needing downstream distillation for the recovery and reutilization of excess alcohol/cosolvent, unrecoverable homogenous catalyst which consumes vast quantity of fresh distilled water during the purification of the product and downstream waste water treatment before its safe disposal to the surface water body. The Novel Process FAME/FAEE is produced from any vegetable oil irrespective of edible or inedible variety using sonication energy. The novelty of the finding is the use of only theoretical quantity of alcohol along with a co-solvent and reduced quantity of homogeneous catalyst. Under this condition neither the homogeneous catalyst goes to the FAME layer nor is the distillation needed. The same ester also has been prepared in high pressure high temperature reactor without using catalyst at sub critical temperature. The quality of prepared biodiesel without involving any purification step meets the ASTM standards. Blended Biodiesel with Common Diesel Fuel (CDF) and FAME is prepared, characterized and used as fuel in the Kirloskar make CI Engines. The evaluation of the engine performance result of pure CDF, B05 biodiesel, B10 biodiesel of all types of biodiesel prepared by using the feedstock of Soybean (Glycine max) and Karanja (Pongamia pinnate) oil along with their mixed oil provides useful information such as brake power, brake thermal efficiency, brake specific fuel consumption, etc, and established it as ideal fuel for unmodified CI engine.

The Effects of LED Light Quality on Foliage Plants Growths in Interior Environment (실내에서 LED광질이 관엽식물의 생장에 미치는 영향)

  • Kim, Myung-Seon;Chae, Soo-Cheon;Lee, Myung-Won;Park, Gab-Soon;Ann, Seoung-Won
    • Journal of Environmental Science International
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    • v.22 no.11
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    • pp.1499-1508
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    • 2013
  • In the results of investigating the role of LED light quality in enhancing the ornamental value of indoor foliage plants, amber and red light increased plant height, leaf width, and leaf stalk, and the consequent tree shape decreased the ornamental value. The chlorophyll content increased significantly under white light and compound light. With regard to the effect of plant leaf color on ornamental value, the value of lightness was markedly enhanced by red light. As to the functionality of plants according to photosynthetic activity, plants such as Dieffenbachia, Clusia, and Dracaena were found favorable to those staying indoors for a longtime from morning to evening. Spathiphyllum, and Ficus were found to be recommendable for indoor spaces used actively during afternoon because their photosynthesis was activated in the afternoon. With regard to power consumption according to light quality, white light consumed 119 W/hour, around 45% lower than that of fluorescent lamps, so it is considered the optimal artificial light quality that can enhance energy efficiency. Red light consumed 72 W/hour, only 33% of that of fluorescent lamps, but it was not considered the optimal light quality because plant growth was poor under the light quality. White light and compound light were found to be the ideal light sources for improving the functionality and ornamental value of indoor plants and reducing the cost of maintenance, but because compound light hinders people from recognizing the original color of plants and makes their eyes easily tired, white light was considered the optimal light satisfying all of the ornamental value, economic efficiency and functionality resulting from plant growth.

A comparative study of low-complexity MMSE signal detection for massive MIMO systems

  • Zhao, Shufeng;Shen, Bin;Hua, Quan
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.12 no.4
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    • pp.1504-1526
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    • 2018
  • For uplink multi-user massive MIMO systems, conventional minimum mean square error (MMSE) linear detection method achieves near-optimal performance when the number of antennas at base station is much larger than that of the single-antenna users. However, MMSE detection involves complicated matrix inversion, thus making it cumbersome to be implemented cost-effectively and rapidly. In this paper, we first summarize in detail the state-of-the-art simplified MMSE detection algorithms that circumvent the complicated matrix inversion and hence reduce the computation complexity from ${\mathcal{O}}(K^3)$ to ${\mathcal{O}}(K^2)$ or ${\mathcal{O}}(NK)$ with some certain performance sacrifice. Meanwhile, we divide the simplified algorithms into two categories, namely the matrix inversion approximation and the classical iterative linear equation solving methods, and make comparisons between them in terms of detection performance and computation complexity. In order to further optimize the detection performance of the existing detection algorithms, we propose more proper solutions to set the initial values and relaxation parameters, and present a new way of reconstructing the exact effective noise variance to accelerate the convergence speed. Analysis and simulation results verify that with the help of proper initial values and parameters, the simplified matrix inversion based detection algorithms can achieve detection performance quite close to that of the ideal matrix inversion based MMSE algorithm with only a small number of series expansions or iterations.

An Experimental Study on the Basic Properties of Elastic Paving Materials (탄성포장재의 기초물성에 관한 실험적 연구)

  • Ko, Hune-Bum;Ko, Man-Young
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.7
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    • pp.5021-5028
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    • 2015
  • Previous studies have considered the permeability and construction method of paving materials, thus focusing on more practical issues rather than basic research of their properties. The present study investigated the possibility of using an elastic paving material having lesser thickness in the resurfacing of existing concrete or asphalt paved areas while satisfying the necessary conditions of resilience and water permeability. An alternative to complete reconstruction would reduce the amount of resource wastage and environmental pollution, as well as the cost of projects. This study investigated five variants of thickness (10, 13, 15, 20, 25mm) and three mixing ratios of binder to rubber chips (20, 22.5, 25%) to ascertain the ideal basic properties of each. The obtained test data revealed that a minimum thickness(10~25mm) of the elastic paving materials can be determined from a qualitative point of view, and alternatives should be provided to improve the durability of the paving material on account of the temperature sensitivity.

A CLINICAL CONSIDERATION ON THE TEETH TRANSPOSITIONS (치아전위의 임상적 고찰)

  • Kim, Seung-Mee;Jeong, Tae-Sung;Kim, Shin
    • Journal of the korean academy of Pediatric Dentistry
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    • v.26 no.1
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    • pp.38-43
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    • 1999
  • Tooth transposition is the phenomenon in which two teeth in the dental arch are exchanged. The tooth most frequently involved in transposition is the permanent maxillary canine, especially with the first premolar. The etiology of transposition is still an enigma. Interchange of tooth germs, migration during eruption, genetic factor, local pathologic factors may be suggested as possible etiologic factors. There are three main options for treatment, which are the extraction of one of the transposed teeth, the alignment in the transposed position, the orthodontic movement of the teeth to their correct positions. If complete transposition occurred especially in mandible, alignment of teeth in the transposed position followed by occlusal reduction and esthetic restoration is usually recommended. The presented two-case report will describe the maxillary canine to the first premolar and to lateral incisor transposition with associated peg lateralis and retained primary canines. Although alignment the transposed teeth in original position is ideal treatment, it companies many complication as root resorption, alveolar bone destruction, gingival deheisence, etc. Therefore the treatment procedures in these case was relative cost-benefit effective method to both clinician and patients.

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