• 한국태양에너지학회:학술대회논문집
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• 2011.11a
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• pp.338-341
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• 2011

Water usage for cleaning the toilet bowl accounts for 27% of the total water usage. Water-saving valve that can select the amount of water for cleaning toilet bowl can be reduced expenditure. After installing water-saving valve, analysed the economic effects. Water-saving valves compared with flush valves, and researched the amount of water usage. Then analyzed fort he economic effects. Water-saving valve was used 5.6 ${\ell}/time$ for cleaning toilet bowl. In contrast, flush valve was consumed 8.4 ${\ell}/time$. Water-saving valve's water-saving rate was 33.3%. The initial payback period for Water-saving valve was 459.5 days. By a small investment in water saving valve, the economic benefits can be obtained.

• IE interfaces
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• v.20 no.3
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• pp.267-276
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• 2007

When a company makes a decision on an investment for a new product as a source for a new program, it is not easy for them to take a proper decision-making process in this highly volatile market. There could be several ways to make an investment decision on a new program. A company needs to choose the most suitable way of investment which is reflected current corporate circumstances and potential risks. We check up the process of the engineering economic decision in a automotive part manufacturing company. We define the gap between the theory and practice on engineering economic decisions. We present advices to make a decision desirably.

• The Journal of the Korea Contents Association
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• v.18 no.9
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• pp.584-593
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• 2018

The startup, which is a common noun to start a small business, has been recently one of main targets for policymakers due to its important role for job creation and considerable potential for sustainability of an economy. However, technological entrepreneurship decreased by 5.0% p from 2013 to 2016. The revitalization of entrepreneurial investment promoted by the government is mainly supported in fruitable venture companies at grow stage or 2~3 years before IPO through venture capital firms and angel funds. It is far from an investment at start-up. It is therefore necessary to motivate private investment to be active in the private start-up sector. In addition, the start-up investment requires institutional support and government support to meet the expectations of investors about the possibility of payback and profitability of private investment invested in the founding period. As a small entrepreneur at a comparably early stage in the lifecycle of business, investments for the startup are generally made by informal investors such as family, friends and fools, and their decision making processes are relatively non-programmed compared with ones for listed corporales such as venture capital and angel fund agency. This study focuses on analyzing decision making factors in investment, and verifying an impact of such factors, specifically the possibility of investment payback and investment profitability, in a decision-making process for the startup especially at the very early stage.

• Journal of Forest and Environmental Science
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• v.34 no.4
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• pp.352-358
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• 2018

This research paper investigates available options for implementing clean development mechanism (CDM) project in Sarawak state, Malaysia. To investigate economic feasibility, data was collected using survey and field research methods. Also, economic analysis was estimated using net present value (NPV), internal rate of return (IRR) and payback period (PBP) during the 30 years CDM: afforestation and reforestation periods. The result of economic analysis indicated that, the payback period was estimated at 9 years with 18 percent of internal rate of return (IRR). This study also highlighted that CDM biomass supply project have a lot of challenges due to the reduction and exclusion of bio-Solid Recovered Fuel (SRF), supply and demand scenario, and impact of restriction of illegal logging in Malaysia. This study results demonstrate the methodology and guideline for future CDM investment and projects.

• KIEAE Journal
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• v.13 no.2
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• pp.53-60
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• 2013

This study examined the building envelope structure used in small housings near urban area which have not good energy source in relation to the application of passive design for energy saving of small-sized architectural design firms in local cities and aimed to provide the basic materials of future design direction of designers and housing owners by analyzing economy of a project in order to know the amount of energy saving and additional expenses depending on the building envelope pattern. As a result of comparing and examining the energy saving cost from the period of use compared to investment by the thickness of insulating materials based on building envelope pattern for energy saving, it was found that the thicker the insulating materials are, the more energy saving amount is. While the current bead-type insulating materials have short payback period due to low initial investment, extruded insulating materials show the difference of five years compared to bead-type insulation because of its high initial investment.

• Journal of Power System Engineering
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• v.8 no.1
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• pp.48-54
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• 2004

In this study, waste heat of Jeju City Waste Environment Center is investigated and the utilization method is suggested with economical analysis of additional investment that needed for new facility. Energy balance of the typical facilities is considered in this study such as incineration plant and LFG power plant. The payback period of the investment which is used for the LFG power plant waste heat utilization facility is about 2.4 years and the economic profit of the facility during 10 years operation is up to 926 million won.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.9
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• pp.1260-1268
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• 2012

Recently, lack of power reserve margin was observed quite often. In this paper, we studied the method to secure power source for a short time, to cut the utility power peak load, and to reduce the users electricity bills. Emergency diesel generator of an office building is to be converted into a dual-fuel engine generator which is responsible for a portion of the peak load. Compared to the conventional diesel fuel generator, the proposed dual-fuel engine is able to reduce the generation power cost by dual-fuel combustion, and it also mitigates the building's utility power peak load by charging the building's peak load. If the dead resources (a group of emergency dual-fuel engine generators), as a Virtual Power Plant, are operating in peak time, we can significantly reduce future large power development costs. We investigated the current general purpose electricity bills as well as the records of the building electric power usage, and calculated diesel engine generator renovation costs, generation fuel costs, driving conditions, and savings in electricity bills. The proposed dual-fuel engine generation method reduces 18.1% of utility power peak load, and turned out to be highly attractive investment alternative which shows more than 27% of IRR, 76 million won of NPV, and 20~53 months of payback periods. The results of this study are expected to be useful to developing the policy & strategy of the energy department.

• Korean Chemical Engineering Research
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• v.54 no.3
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• pp.320-331
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• 2016

Linze-Donawitz gas (LDG) adjunctively produced in the steel mill contains over 60% of CO. Two processes that recover high purity CO from LDG were considered: COSORB and CO-Pressure swing adsorption (PSA). This study aimed to decide which one is more economically feasible than the other by techno-economic analysis (TEA). From the technical point of view of TEA, the process flow diagram (PFD) was constructed, the mass and energy balances were calculated, and the equipment type and size were determined in order to estimate the total capital investment (TCI) and the total production cost (TPC). From the economic point of view of TEA, economic performance such as return on investment (ROI) and payback period (PBP) was evaluated, and the sensitivity analysis was carried out to identify key factors influencing ROI and PBP. It was found that CO-PSA is more economically feasible due to higher ROI and lower PBP. The CO price highly influenced ROI and PBP.

• Journal of Energy Engineering
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• v.10 no.4
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• pp.327-334
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• 2001

Heat is wasted by unconcern in industrial complex. This paper presented for using waste heat, which investigated step by step from searching waste heat to starting construction before and directly applied for the using waste heat in the actual site. Especially, using heat is assessed by investigation of heat supply and demand. Design of heat transportation system was made base on analysis of heat balance between demand and supply, which was analyzed by economical efficiency and property. Payback-period on investment was 1,909 years that was comparatively a short period of time in assessment.

• Korean Journal of Agricultural Science
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• v.24 no.2
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• pp.170-181
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• 1997

The number of modernized green houses have been increased to produce high quality and high-payoff farm products. The unit investment costs per pyeong($3.3058m^2$) for building a glass house was estimated at 449 thousand won. On the other hand, the unit prices for the PC house with iron frame and the vynil house with automatic control system were revealed 365 thousand won and 93 thousand won respectively. The main objective of the study was to identify the financial feasibility of the green house investment prevailed in rural area. At present, some farmers have selected the green house without any consideration of profitability of crops and accessiblity of their fanning practices and technology. For the soundness of green house cultivation and management, the indices of finacial efficiency for the modernized green houses were necessary. The decesion making criteria such as NPV(Net Present Value), IRR(Internal Rate of Return), B/C Ratio and Payback Period were analyzed for the individual high investment facilities considering the present farmer's technology and on-farm benefits and costs. The results of the feasibility analysis of green houses were as follows: 1. In case of 100% private burden of the investment costs, NPV revealed only positive value for the vinyl house with automatic system and IRR for the house was also estimated at more than 10% and B/C Ratio was amounted to more than 1.0. On the other hand, the other glass and PC houses showed negative NPV and unacceptable B/C ratio and IRR. 2. In case of the following terms and conditions as 50% Government subsidy, 20% loans and 30% farmers burden of the total investment cost, all the green houses showed acceptable IRR, B/C Ratio and NPV. 3. The financial feasibility of the glass house was acceptable in tomato cultivation rather than in cucumber cultivation. The payback periods of cucumber were represented as 8.9 years for glass house, 8.5 years for PC house and 4.1 years for vinyl house with automatic system respectively. In conclution, the glass and PC house cultivation of high value vegetables were only acceptable under the Goverment subsidy and loan systems from the view point of farmer's financial situations. On account of the unacceptable economic rate of return, the government subsidy and loan policy for glass house cultivation should be transfered to the vinyl and pc houses in the future.