• Korean Chemical Engineering Research
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• v.49 no.5
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• pp.639-643
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• 2011

Fry-drying of coal slurry is one of the upgrading low rank coal processes. It consists of slurry mixing, slurry dewatering, solvent recovery and briquetting. Cost estimation and economic feasibility are examined for the upgrading low rank coal process based on capacity of 1 million ton/yr. In case that investment costs are $100,000,000, discount rate is 12%, and service life is 20 years, the results of economic analysis are enough to satisfy the evaluation criteria of investment such as IRR, B/C ratio, NPV and discounted payback period. According to sensitivity analysis, investment value are very sensitive to raw material cost and product price. Since the bituminous coal price is currently soaring, it is expected that the investment value will increase more and more.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.17 no.4
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• pp.45-55
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• 2022

Accelerator is a private investment institution that provides startups with comprehensive solutions to solve various difficulties such as startup facilities, funds, commercialization, securing a market etc. In addition to the role of an investor as a new startup support model, accelerators have contributed much to improvement of business ability of startups through intensive mentoring. Considering that previous studies gave weight to the determinants of investment from the perspective of investors, this study made a comparative analysis on the relative importance of determinants of investment in startups among accelerators, investors and entrepreneurs through the method of AHP. Results show that accelerators and investors regard "managerial characteristics" of startups as of the highest importance, whereas entrepreneurs think that "market characteristics" of startups are the most important. The result stems from an empirical judgment from the perspective of investors that success of startups depends on the ability of entrepreneur, and it is considered that investors evaluated marketability of startups as the most important factor in consideration of investment payback period. The result is similar to the result of previous studies on the determinants of investment determinants of angel investors and venture capitals. This paper is expected to make a contribution to the advancement of investment decision-making model for accelerators to discover startups with high possibility to grow and achieve more in incubation and investment.

• Culinary science and hospitality research
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• v.3
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• pp.385-421
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• 1997

This study was performed as placing stress on business plan preparation and investing economy analysis centered to cases upon presenting the premises of study for new foundation of food service business. The summarized results are as follows: 1. In the aspect of carrying out process of practical project, establishing the promotion strategy, the facility project program, the menu program, the facility and furniture program, organization & manning schedule, the business operation schedule, review of all laws & provisions and the allout promotion schedule in order were deployed. 2. Analysis of investing economy for review of profitability 1) In case of investment, excluding 600million for the real setate lease among the total investment of 1billion, it was required by 161, 235, 000 for interior project, 161, 110, 000 for facility & equipment, 19, 235, 000 for fittings, 27, 600, 000 for menu plate & uniform, 27, 600, 000 for furniture, 13, 800, 000 for sign article. 2) In case of loss & profit presumed the annual turnover is to be 1, 115, 856, 000 the contigent profit(before tax) is to be 148, 966, 000 which is 13.3% in comparson to the sales amount and the net profit(after tax) for this term s to be 104, 276, 000 which is 9.3% against the sales and the profitable ratio to the equity investment( 500 million) is 20.9% and it satisfies 20% of the premises of study. 3) In case of the payback period will be approximately two(2) years which indicated within three(3) years that is standard of new project evaluation term of ordinary enterprise. 4) In case of internal rate of return it will be 21.5% which is favorable profitability as taking into account of 15% that is standard of new project evaluation by ordinary enterprise based on general downtown money interest. That the investing value of Happy Day profitability is hinted as it is sufficient enough as the case under this study based upon such results and considered that securing supremacy is competitive power in case of commitment will be possible.

• KIEAE Journal
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• v.15 no.4
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• pp.37-43
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• 2015

Purpose : The study applied control strategy to reduce through optimal control and operation of pump by applying control on variable speed to the circulation pump of HVAC system in the office building. The study has the purpose to review validity of control on variable speed as ESMs(Energy Saving Measures) and establish the control technology on variable speed pump. The study performed reduction analysis of building energy and economic evaluation of pump through energy effectiveness control strategy of HVAC system. Method: The study sought possible reduction through energy control strategy which can provide proper flow fitting to building load by applying control on variable speed pump. The study applied control strategy to reduce through pressure differential set-point control and operation of pump by applying control on variable speed to the circulation pump of HVAC system in the office building. Result : The results showed that about 16-35% of pump energy could be saved by using these optimal control strategies. In the result of analysis on 10 years life cycle cost of analysis on payback period of initial investment pump, variable speed pump control showed 5.1 years.

• Proceedings of the KIEE Conference
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• 2000.11a
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• pp.180-183
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• 2000

The Battery Energy Storage System(BESS) has lots of advantages such as load levelling, quick response emergency power(spinning reserve), frequency and voltage control, improvement of reliability, and deferred generation and transmission construction. The economic feasibility requires justification from the customer side of meter to promoting the dissemination of BESS nationally. In this paper, we proposed the economic assessment model of customer owned Battery Energy Storage System(BESS) which is complemented and improved the existing model. The proposed model is applied to the typical customer type(light-industrial commercial, and residential) which are taken from the statistical analysis on the load profile survey of Korea Electric Power COmpany (KEPCO). The economic assessment performed for each customer type to justifying their economic feasibility of BESS installation from the economic measures such as payback period, overall benefits, ROI, and ROR. The results of this paper are useful to the customer investment decision making and the national energy policy & strategy.

• Proceedings of the KIEE Conference
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• 1995.11a
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• pp.117-119
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• 1995

For an effective application of the cogeneration system for commercial and industrial buildings, we need to develop a relevant model to determine the long-term based optimal sizing of the cogeneration system considering electrical and thermal load demands, buy and sell contracts with electric utility and the annual production cost. In assessing the optimal sizing of cogeneration, we have to consider both economic parameters and their capacity expansion for the increased electrical and thermals demand in the future. In this paper, we propose a mathematical model for the optimal sizing of cogeneration systems considering annual production costs and other economic parameter such as, lifetime of the equipment, time value of the capital, etc. In the case study, we thoroughly examine the effects of the economic parameters and determine the optimal size of the sample system. In addition, we calculate the payback period of the cogeneration investment.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.29 no.3
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• pp.119-126
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• 2017

Recently, ground source heat pump systems are being used in buildings for cooling and heating to reduce greenhouse gas and save energy. However, ground source heat pump systems mainly use the vertical closed-loop geothermal system design rather than the open-loop geothermal system design. This is due to a lack of knowledge and few research feasibility studies. In this research, a dynamic thermal analysis numerical simulation based on a standard house model was conducted for an open-loop geothermal system. Based on heating load analysis results, the life cycle costs of a standard house using an open two-well geothermal system were analyzed and compared with a vertical closed-loop geothermal system, and a diesel boiler. As a result, it was found that using an open two-well geothermal system shows economic return on investment after three years.

• Land and Housing Review
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• v.11 no.4
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• pp.15-26
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• 2020

This study analyzes the Domestic Economic Ripple Effect (DERE) of the Donghae-Bukpuseon Railway (DBR). Input-Output Analysis and Scenario Analysis are employed. First, the future demand is approximately 6.86 billion people, 1.4 billion tons of logistics, and future forecast production is 1.2 trillion won for passengers, and 0.15 trillion won for logistics. Second, the production inducement (PI) coefficient of the railway industry is 2.080, the value-added inducement (VAI) coefficient is 0.680, the import inducement (II) coefficient is 0.32 and the employment inducement (EI) coefficient is 6.45. Third, for the DERE, PI is 2.846 trillion won, VAI is 0.939 trillion won, II is 0.446 trillion won, and EI is 8,737 people/1 billion won. Fourth, PI is approximately 2.8 trillion won, and the payback period is 35 years. Scenario 1 (a 50% increase in the demand for tourism) takes approximately 27 years, Scenario 2 (an 100% increase), 20 years, and Scenario3 (an 150% increase), 16 years. The successful way of the DBR is to enlarge the linkage effect of trans-railways for which international cooperation and agreements are needed. Also, even if the DBR is isolated due to worsening inter-Korea relations, the development of tourism resources is important for public investment feasibility.

• Journal of the Architectural Institute of Korea Structure & Construction
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• v.34 no.11
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• pp.81-87
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• 2018

Among various types of geothermal heat pump systems, Vertical Closed-Loop Geothermal Heat Pump (VGSHP) has received increasing attention due to a variety of advantages such as the potential to be installed in a relatively small space and improved energy efficiency. In this research, the performance of VGSHP system coupled with heat storage tank was evaluated, by analyzing operational behavior of heat storage tank, the variations of heat pump energy performance due to the connection with heat storage tank, part load ratios characteristics of heat pump and the corresponding energy cost, compared to chiller and boiler based conventional system. The results of this study showed that the VGSHP system coupled with heat storage tank showed an energy saving effect of about 18% for cooling and about 73% for heating, and annual heating/cooling energy cost reduction of 43,000,000 KRW ($ 39,000), compared to the conventional air conditioning system. In addition, after considering both energy cost and initial investment cost including equipment, installation and auxiliary device expenses, payback period of approximately 11.8 years was required.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.10
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• pp.1390-1396
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• 2013

The paper estimated the reasonable market price of lead-acid battery energy storage system (BESS) intended for demand management of electricity customers. As time-of-use (TOU) tariffs have extended to a larger number of customers and gaps in the peak and off-peak rates have gradually risen, deployment of BESS has been highly needed. However, immature engineering techniques, lack of field experiences and high initial investment cost have been barriers to opening up ESS markets. This paper assessed electricity cost that BESS operation could save for customers and, based on the possible cost savings, estimated reasonable prices at which BESSs could become a more prospective option for demand management of customers. Battery scheduling was optimized to maximize the electricity cost savings that BESS would possibly achieve under TOU tariffs conditions. Basic economic factors such as payback period and return on investment were calculated to determine reasonable market prices. Actual load data of 12 industrial customers were used for case studies.