• Journal of the Korean Solar Energy Society
• /
• v.33 no.5
• /
• pp.95-104
• /
• 2013

This study set out to devise an optimized system to take into account life cycle cost(LCC) and ton of carbon dioxide($TCO_2$) by applying the weighted coefficient method(WCM) to "public-purpose" facility buildings according to the mandatory 5% and 11% of new renewable energy in total construction costs and anticipated energy consumption, respectively, based on the changes of the public obligation system. (1) System installation capacity is applied within the same new renewable energy facility investment according to the mandatory 5% of new renewable energy in total construction costs. Both LCC and $TCO_2$ recorded in the descending order of geothermal, solar, and photovoltaic energy. The geothermal energy systems tended to exhibit an excellent performance with the increasing installation capacity percentage. (2) Optimal systems include the geothermal energy(100%) system in the category of single systems, the solar energy(12%)+geothermal energy(88%) system in the category of 2-combined systems, and the photovoltaic energy(12%)+solar energy(12%)+geothermal energy(76%) system and the photovoltaic energy(12%)+solar energy(25%)+geothermal energy(63%) system in the category of 3-combined systems. (3) LCC was the highest in the descending order of photovoltaic, geothermal and solar energy due to the influences of each energy source's correction coefficient according to the mandatory 11% of new renewable energy in anticipated energy consumption. The greater installation capacity percentage photovoltaic energy had, the more excellent tendency was observed. $TCO_2$ recorded in the descending order of geothermal, photovoltaic and solar energy with the decreasing installation capacity of photovoltaic energy. The greater installation capacity percentage a geothermal energy system had, the more excellent tendency it demonstrated. (4) Optimal systems include the geothermal energy(100%) system in the category of single systems, the photovoltaic energy(62%)+geothermal energy(38%) system in the category of 2-combined systems, and the photovoltaic energy(50%)+solar energy(12%)+geothermal energy(38%) system and the photovoltaic energy(12%)+solar energy(12%)+geothermal energy(76%) system in the category of 3-combined systems.

• Proceedings of the SAREK Conference
• /
• 2009.06a
• /
• pp.1317-1321
• /
• 2009

Natural gas liquefaction plant and LNG carrier needs large capital investment. Therefore a lot of small or middle scale natural gas fields aren't developed due to poor profitability. If natural gas is made to gas hydrate instead of liquefaction, developing small-scale natural gas field can be profitable because building cost of gas hydrate plant and carrier are economical. Because the process of making gas hydrate consumes much energy, the gas hydrate formation process has to be optimized for energy consumption. In this study, gas hydrate formation process was investigated experimentally. Experimental apparatus consists of reactor, pressure regulator, chiller, and magnetic stirrer. 99.95% methane was used to make gas hydrate. Tests were conducted at variable pressure and temperature condition.

• Journal of Energy Engineering
• /
• v.24 no.2
• /
• pp.45-50
• /
• 2015

In Korea ranking sixth out of The world's greenhouse gas emissions, all Korean public buildings have to implement obligatorily renewable energy systems for energy production to reduce the greenhouse gas emissions from the energy consumed in operation, maintenance and management of buildings. The optimum combination and application rates for each energy source emerge from analyzing the trend of previous studies and the energy consumption is simulated by using a dynamic energy simulation program and the initial investment costs, the energy costs, the maintenance costs, the replacement costs emerge based on the calculated result. The result show that the total life cycle cost of 100% gerthermal is the lowest with \ 2,105,974,344 on the analysis results.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
• /
• v.8 no.2
• /
• pp.107-117
• /
• 2013

The main objective of this study lies at examining economic features of IT security investment and comparing alternative mechanisms to achieve optimal provision of IT security resources within a firm. There exists a paucity of economic analysis that provide useful guidelines for making critical decisions regarding the optimal level of provision of IT security and how to share the costs among different users within a firm. As a preliminary study, this study first argues that IT security resources share some unique characteristics of pure public goods, namely nonrivalry of consumption and nonexcludability of benefit. IT security provision problem also suffers from information asymmetry problem with regard to the valuation of an individual user for IT security goods. Then, through an analytical framework, it is shown that the efficient provision condition at the overall firm level is not necessarily satisfied by individual utility maximizing behavior. That is, an individual provision results in a suboptimal solution, especially an underprovision of the IT security good. This problem is mainly due to the nonexcludability property of pure public goods, and is also known as a free-riding problem. The fundamental problem of collective decision-making is to design mechanisms that both induce the revelation of the true information and choose an 'optimal' level of the IT security good within this framework of information asymmetry. This study examines and compares three alternative demand-revealing mechanisms within the IT security resource provision context, namely the Clarke-Groves mechanism, the expected utility maximizing mechanism and the Groves-Ledyard mechanism. The main features of each mechanism are discussed along with its strengths, weaknesses, and different applicability in practice. Finally, the limitations of the study and future research are discussed.

• KIPS Transactions on Computer and Communication Systems
• /
• v.1 no.3
• /
• pp.133-142
• /
• 2012

Cournot model is one of representative models among many game theoretic approaches available for analyzing competitive market models. Recent years have witnessed various kinds of attempts to model competitive electricity markets using the Cournot model. Cournot model is appropriate for oligopoly market which is one characteristic of electric power industry requiring huge amount of capital investment. When we use Cournot model for the application to electricity market, it is prerequisite to assume the downward sloping demand curve in the right direction. Generators in oligopoly market could try to maximize their profit by exercising the market power like physical or economic withholding. However advanced electricity markets also have demand side bidding which makes it possible for the demand to respond to the high market price by reducing their consumption. Considering this kind of demand reaction, Generators couldn't abuse their market power. Instead, they try to find out an equilibrium point which is optimal for both sides, generators and demand. This paper suggest a quantitative analysis between market variables based on econometrics for estimating demand responses in smart grid environment.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.21 no.2
• /
• pp.601-610
• /
• 2020

Recently, damage caused by drought is becoming worse and worse due to the global climate change. To overcome these problems, movable-weir to control the water level has been installed instead of a fixed-weir made from concrete. On the other hand, it is difficult to operate an existing moveable-weir because of the high cost of facility management and manpower consumption. In addition, because most moveable-weirs are installed in power systems, the operating cost and the cost of connection for power systems increase when they are located in remote areas. Therefore, this paper proposes an optimal design algorithm and the evaluation algorithm of the SOC (state of charge) of a lithium-ion battery to replace an existing power supply with eco-friendly movable-power with a power supply system using PV modules and lithium-ion batteries. In addition, this study modeled a 50kW power supply system of a movable-weir using PSCAD/EMTDC S/W. The simulation results confirmed that the proposed algorithm has stable operation characteristics in an independent operation mode and interconnection operation mode and that there is the possibility of commercialization with a benefits evaluation of the eco-friendly power supply system of a movable-weir.

• Korean Chemical Engineering Research
• /
• v.48 no.3
• /
• pp.342-349
• /
• 2010

Lactic acid is widely used in the food, chemical and pharmaceutical industries, and there is an increasing demand for lactic acid as the raw material of poly lactic acid(PLA), which is a biodegradable polymer. Lactic acid production has been changing over from production by synthesis to production by fermentation, since the fermentation process is more nature friendly and economic. However, the fermentation method generates excess water and impurities with high boilers. The presence of high boilers and non volatility of lactic acid makes the separation of lactic acid very difficult job. Also, the purification-separation process requires the many investment costs and energy costs. Reactive distillation concept was also introduced for the process, giving higher selectivity and yield compared to the convention method. We introduce a new highly integrated process, reactive diving wall column, to reduce the capital and energy cost for producing a pure lactic acid. The reactive dividing wall column combines reactive distillation and dividing wall column. We compared capital and energy consumption required for the purification of lactic acid the between the proposed design structures. And we examined the effect of major process variables on the process performance and determined optimal process.