• Proceedings of the KIEE Conference
• /
• 1994.11a
• /
• pp.18-20
• /
• 1994

The cogeneration system has a advantage of producing electrical and thermal energy simultaneously. therefore, this system is encouragable to the business proprietor and the nation like us which has the problem of limited energy. Presently, there is a few cogeneration system for new city and industrial complex. But the building cogeneration system is dull in application because of legal limitation and poor tax support. In this paper, we simulate economic propriety of the building system under the support which is applied to industrial system. And we simulate the effect of each support item on the economic propriety in aspect of payback period.

• Korean Journal of Organic Agriculture
• /
• v.22 no.4
• /
• pp.531-547
• /
• 2014

This study analyzed the effect of Greenhouse of wood pellet fuel conversing from Diesel. Analyzed through a life cycle assessment of greenhouse gas emissions of carbon dioxide for the environmental assessment, In evaluation of the Ministry of the Environment, analyzed through the life cycle assessment of carbon dioxide emissions of the greenhouse gas and, In the case of economic evaluation, we analyzed the investment payback period to the total revenue generated by each of the calculated incentive based on the RHI and institutions reduction projects a reduction of costs associated with the reduction of fuel costs.

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

• Proceedings of the SAREK Conference
• /
• 2008.06a
• /
• pp.1237-1242
• /
• 2008

A study on waste heat utilization of melted slags at pyorlysis, gasification and melting system was performed. Researchers studied heat balance of substances that flow and flow out to the system which is consisted of melting furnace, combustion chamber, and waste heat boiler, then they calculated melting slags' quantity of heat by the first law of thermodynamics. If they use water cursh pit outflow which is gotten by quenching of melting slag as a energy for heating and cooling system, steam of waste heat boiler would be delivered to a steam turbine, making energy, then they will get 67,671,000 won of profit a year. It will take 3 years to repossess the cost that they invested for building it. And, if we predict durability of trash burner is 20 years, we will get approximately 1,150,407,000 won of profits in 17 years without the period when we repossess the building costs.

• Korean Chemical Engineering Research
• /
• v.54 no.3
• /
• pp.320-331
• /
• 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 the Korea Organic Resources Recycling Association
• /
• v.20 no.4
• /
• pp.61-74
• /
• 2012

Industrial complexes in Korea have been vigorously established by economic development plan and development policy of industry in 1960s. Recently, Korean government has promoted Eco Industrial Park (EIP) project to recycle by-products and wastes in industrial park In this study, we analyzed the physical and chemical properties for the sludges discharged from A industrial complex. And we investigated the economic feasibility and environmental impact of sludge to energy facilities. The analysis results indicated that the petrochemical industry were 92% in sludge production, the highest treatment amount was landfill, followed by incineration and recycling and then ocean disposal. Wastewater sludge and process sludge samples are collected and analyzed to use as basic data on economic feasibility and environmental impact. Weighted average heating value of sludge samples was 3,891kcal/kg. Based on this data, installation and operation costs, operation returns of operating the drying facility are estimated, compared with cogeneration facility. And this study examines how the payback period of each simulation(total 8 case) with the important parameter changes. As a result, it was found that what needs the shortest payback period is 3years with connection of drying facility and cogeneration facility based on the government's financial subsidy system.

• 한국신재생에너지학회:학술대회논문집
• /
• 2010.11a
• /
• pp.64.1-64.1
• /
• 2010

In this study, the energy and economic analysis of KIER Zero Energy Solar House (KIER ZeSH) was carried out. KIER ZeSH was designed and constructed in the end of 2009 for the purpose of more than 70% energy self-sufficiency in total load as well as less than 20% of additional construction cost. The several building energy conservation technologies like as super insulation, high performance window, wast heat recovery system, etc and renewable energy system. The renewable heating and cooling system is a kind of solar thermal system combined with geo-source heat pump as a back-up device. The capacity of 3.15kW solar BIPV system was also installed on the roof. The measurement by monitering system of ZeSH was conducted for one year from November 2009 to October 2010. The energy self-sufficiency and economic analysis were conducted based on the this monitering result. As a result, the energy self sufficiency is about 83% which is higher than that of the target and the payback period is 11 years.

• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.12
• /
• pp.423-431
• /
• 2020

This study examines the cost and benefit (i.e., income) of the Forest Stewardship Council (FSC) rubber plantations in Thailand. The study attempts to identify the challenges to the implementation of FSC standards in rubber plantations in the country. A total of 60 rubber farmers in two Southern provinces, namely, Songkhla and Rayong, were interviewed through a standardized questionnaire to gather primary data. The study found that small-, medium- and large-sized FSC rubber plantations were worth investing in. All sizes of rubber plantations had similar values of benefit cost ratio (BCR). It was also found that the values of the discount payback period (DPP) of the three forms of FSC rubber plantations were 9-12 years, while the large rubber plantations had the highest internal rate of return (IRR) (19.0%). It implies that the large-size plantations had the highest values. The rubber farmers in the study area reported that they are facing a number of problems and hardships in implementing FSC standards, lacking knowledge and understanding of FSC, especially for preparing documentation. Therefore, the Thai government should take proper policy initiatives to remove all the problems and barriers in implementing FSC standards for the sustainable rubber production in the country.

• Proceedings of the Korea Society for Energy Engineering kosee Conference
• /
• 2000.11a
• /
• pp.221-227
• /
• 2000

The optimal capacity of CGS(Co-Generation Sys.) for APT. complex is 300kW output of electricity power from being considered the simple payback period, loss and benefit, and the running mode of CGS. The proper operation mode of CGS is as follows; If the demanding electricity load of APT. complex is within the range of capacity of generator(300kW), CGS is connected and operated with KEPCO grid. When the load ratio is over 50% of normal load of CGS(300kW), only CGS supply electricity demand. If not, the electricity line of CGS is exchanged to that of KEPCO.

• 한국신재생에너지학회:학술대회논문집
• /
• 2009.06a
• /
• pp.857-860
• /
• 2009

This report examines the economic feasibility of a commercial 50,000 barrel per day direct/indirect coal liquefaction (DCL/ICL) facility to produce commercial-grade diesel and naphtha liquids from medium-sulfur bituminous coal. The scope of the study includes capital and operating cost estimates, sensitivity analysis and a comparative financial analysis. Based on plant capacity of 50,000BPD, employing Illinois #6 bituminous coal as feed coal the total capital cost appeared $3,994,858,000(DCL) and $4,942,976,000(ICL). Also, the internal rate of return of DCL/ICL appeared 13.27% and 12.68% on the base condition. In this case, coal price and sale price of products were the most influence factors. And ICL's payback period(6.8 years) was longer than DCL's (6.6 years). According to sensitivity analyses, the important factors on DCL/ICL processes were product sale price, feed coal price and the capital cost in order.