• Journal of Environmental Impact Assessment
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• v.21 no.6
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• pp.927-939
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• 2012

Cool roofs are currently being emerged as one of important mechanism to save energy in relation to the building. Although green roof has already gained nation-wide recognition as a typical method of energy saving in the roof, this approach did not provide a realistic evidence that is economically feasible in terms of installation cost. This research is primarily intended to compare installation cost between the two techniques. This research proposes a comparative evaluation framework in a more objective and quantitative way for an installation cost between the two techniques. Kyungpook National University (KNU) was selected as a survey objective and an exhaustive and realistic comparison of installation cost between the two techniques was conducted, based on Life Cycle Cost analysis (initial investment cost, maintenance cost, dismantling and waste disposal expense). It was possible to identify that installation cost of cool roofs is 4.7 times cheaper than that of green roof. Also present value based on probabilistic approach was identified as 0.25 (4.95) higher than the installation cost on the assumption of constant price and interest. It is expected that much more installation cost for the large scale green roof will be required since small-size green roof selected as a survey objective in this study could be operated under less initial installation and maintenance condition.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.20 no.5
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• pp.321-326
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• 2008

This paper presents and analyzes the effects of on-grid electricity cost, fuel price and initial capital cost of a CHP system, on the optimum DG and AC capacity and NPV, by using the ORNL CHP Capacity Optimizer, which was applied to a library in a university. By considering the current domestic energy cost and initial capital cost, it is shown that the installation and operation of the CHP system is not economical. However, with the current domestic CHP installation cost and fuel price, the NPV achieved by the installation of CHP system is greater when the on-grid electricity price is a factor of ${\times}1.5$ the present value. Regarding the initial capital cost of the CHP system, the reduction of the DG cost is much more economical than that of the AC cost, with respect to NPV. Electricity cost and fuel price have opposite effects on NPV, and NPV is more sensitive to an increase of the electricity cost than an increase of the fuel price.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.6
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• pp.1046-1052
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• 2010

In residential house, photovoltaic (PV) system among various alternatives in renewable energy system is the most efficient and feasible solution for reducing energy consumption and electricity cost. However, relatively high initial cost make people reluctant to install PV system in their houses. Therefore, in the initial state for PV system installation in the house, it is very important to decide proper capacity of the PV system considering the expected energy usage and solar energy supplying condition with the house. This paper proposes a novel optimization model for deciding appropriate capacity of the PV system for residential house. The objective function of the model is to minimize the annual cost including electricity bill, operation and maintenance cost, and annual fixed cost calculated from the initial installation cost based on capital recovery factor (CRF). The model also shows the optimal inclining angle of PV panels of the system. In this paper, we estimate the PV output using PVWATTS (PV simulator of Office of Energy Efficiency and Renewable Energy) and find optimal solutions by Sequential Quadratic Programming (SQP) method using MATLAB software. The proposed approach is finally applied to a residential model house in Gangneung, Gangwon-Do and verified its feasibility for adopting to PV system design for residential houses.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.15 no.5
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• pp.1-7
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• 2001

Factors which affect largely the economics of lighting system, are initial installation costs, maintenance costs, energy costs as so on. In these costs, maintenance cost, lamp replacement labor cost, luminaire cleaning cost et al. so the economics of lighting system are evaluated different by maintenance planning. It is important to evaluate which lighting system would be economically advantageous in a initial design. In this study, the importance of maintenance factor is verified by the evaluations of the economics of lighting systems while maintenance factor is varied composition factors in ZCM which is used to calculate the average illuminance.

• Journal of the Society of Naval Architects of Korea
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• v.47 no.2
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• pp.258-264
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• 2010

Various kinds of ballast water treatment systems (BWTS) have been developed corresponding to reinforced IMO rules for marine environment. Some of them got the certificate of IMO and others are waiting for it. Selection of optimum BWTS is very important. Optimum BWTS means not only functional requirements but also economic efficiency. This paper presents economic analysis model for optimum BWTS according to ship type and size. In this study 10 kinds of BWTS whose initial installation cost and maintenance cost are known are analyzed based on present worth method. It is assumed that all BWTS satisfy minimum functional requirements and we need to consider different economical efficiency. Through the economic analysis we could select optimum BWTS.

• Journal of the Korean GEO-environmental Society
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• v.8 no.3
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• pp.11-18
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• 2007

This paper studied the economical efficiency of ground source heat pump system under various conditions in apartments which have important effects on the housing market. And this study analysed the initial cost increase, saved managing cost and recovery time of initial cost. Analysis result showed as time of heating-cooling and water heating increases, the amount of saved managing cost increased much than the initial construction cost, so recovery time shortened. And as the net area of apartment increases, the recovery time increased. The study of the relation between the installation type and recovery time of initial construction cost showed when heat-cooling system adapted ground source heat and water heating system adapted waste heat, the initial construction cost was recovered most quickly. When Ground Source Heating system was used for the heating-cooling and water heating system, ground source heating system was used for the heating-cooling and waste heat used for water heating, and ground source heating system was used for the heating-cooling and LNG used for water heating, the construction cost increased 72,000, 66,900 and 62,300 won each per $m^2$ compared to the current system (package air-conditioner, heating and water heating using LNG).

• KIEAE Journal
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• v.17 no.4
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• pp.33-39
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• 2017

Purpose: The use of renewable energy system is essential for building energy independence and saving energy consumption in the building sector. Among renewable energy technologies, ground source heat pump(GSHP) system is more energy-efficient and environmental-friendly than other heat source systems due to utilize stable ground heat source. However, the GSHP system requires a high initial installation cost and installation space in limited urban area, so it is difficult to have superiority in the market of heat source system. Therefore, it is necessary to develop the installation method of low-cost and improve system performance. This paper aims to evaluate the performance of double u-tube ground heat exchanger(GHX) and verify system feasibility through real-scale experiment. Method: In this study, the real-scale experiment of vertical closed-type GSHP system was conducted using double u-tube GHX and high-efficiency grout. Through the verification experiment, heat source temperature, heat exchange rate(HER) and seasonal performance factor(SPF) were measured according to the long-term operation. In addition, the feasibility analysis was conducted comparing to the single u-tube system. Result: In the results of experiment, average HER was 136.27 W/m and average SPF was 5.41. Furthermore, compared to the single u-tube, the installation cost of the developed system could be reduced about 70% in the same heating load condition.

• Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
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• 1999.11a
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• pp.181-183
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• 1999

This paper is about the design of half-bridge inverter controller with low cost and simple configuration for low power single-phase induction motor driving. The simple controller is composed of MCU and PLD. Also, to limit the overcurrent at initial driving, auxiliary function is added, and stabilizes the system. In order to verify the performance of the proposed methode, we design 500W inverter system, and in result, the response time of the proposed method compared with line voltage driving method is reduced by 200[msec].

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.20 no.3
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• pp.167-174
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• 2008

Cost related to building equipment accounts for about 85% of the life cycle cost of buildings. Therefore proper selection of air-conditioning system is important for reducing the overall cost of buildings. In this study, medium capacity EHP and GHP for air-conditioning a building with a floor area of 1,200 $m^2$ are compared economically. To consider all the factors of initial and operation costs effectively, an annual equal payment method is proposed. For the initial cost, cost of equipment, construction, installation, electric facility, financial subsidy and tax cut is considered. Cost of basic electricity, energy(electricity and gas), space charge, labor, insurance and repair is considered for the operation cost. Under the assumptions made in this study, overall cost of EHP is less than that of GHP, but this is not absolute and different outcome may result if different assumptions are made. This study is useful for those who are interested in choosing an air-conditioning system that costs less for mid-size buildings with simple calculations.

• The KSFM Journal of Fluid Machinery
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• v.12 no.1
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• pp.28-34
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• 2009

The objective of this study was to draw the most suitable plan of an automatic domestic solid waste collection system for land development area. The results of this study indicated that the most suitable plan is identified as a land development area larger than 3,600,000 $m^2$ located in the metropolitan area with an incinerator system (or MBT). There are the cases smaller than the standard area but this may cause additional allotment from the residents. According to a rating method to compute the size of the most suitable plan, installation of an automatic clean network has to be minimized if the rated score is below 2.0. On the other hand, the installation is required if the rated score is above 2.5. For a certain circumstance, a cautious decision has to be made for installation of the automatic domestic solid waste collection system by considering the influence of the initial cost, sale price, residential allotment, and maintenance cost on the land development.