• Clean Technology
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• v.27 no.3
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• pp.269-274
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• 2021

Bioenergy is generally considered to be one of the options for pursuing carbon neutrality. However, for a period of time, combustion of harvested plant biomass inevitably causes more carbon dioxide in the atmosphere than combustion of fossil fuels. This paper proposes a method that predicts and minimizes the total amount and payback period of this carbon debt. As a case study, a carbon cycle impact assessment was performed for immediate switching of the currently used fossil fuels to biomass. This work points out a fundamental vulnerability in the concept of carbon neutrality. As an action plan for the sustainability of bioenergy, formulas for afforestation proportional to the decrease in the forest area and surplus harvest proportional to the increase in the forest mass are proposed. The results of optimization indicate that the carbon debt payback period is about 70 years, and the carbon dioxide in the atmosphere increases by more than 50% at a maximum and 3% at a steady state. These are theoretically predicted best results, which are expected to be worse in reality. Therefore, biomass is not truly carbon neutral, and it is inappropriate as an energy source alternative to fossil fuels. The method proposed in this work is expected to be able to contribute to the approach to carbon neutrality by minimizing present and future carbon debt of the bioenergy that is already in use.

• Journal of the Korean Society of Manufacturing Technology Engineers
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• v.20 no.4
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• pp.509-515
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• 2011

When a manufacturing system is designed, various kinds of evaluation methods are used for selecting the best alternative. Net present value, inner rate of return and payback period are popular quantitative measures for the economic assessment, but other qualitative measures should be considered for evaluation. The analytic hierarchy process(AHP) has been used as the popular method for the multi criteria decision making problem that considers both quantitative and qualitative criteria. This paper explains the process of economic assessment, and how to use the AHP for evaluating the designs of the assembly lines for lens module installed in mobile phone.

• 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.

• Proceedings of the SAREK Conference
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• 2008.06a
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• pp.54-59
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• 2008

The poor maintenance and management of HVAC systems finally lead to the shortening of the life expectancy and result in the increase of operating costs and energy consumptions due to low efficiencies. Also, it is essential to try to develop ways to adequately maintain and to use the building facilities efficiently in order to preserve earth environment and the limited resource. In this study, an analysis on the maintenance and management cost for HVAC systems was carried out with the capacity of equipment. Besides, the LCC(Life Cycle Cost) based analysis was carried out to verify the effect of the doing maintenance and management. As the results, the case of the good maintenance and management is able to save LCC to 11 % than the case of the poor method.

• Proceedings of the SAREK Conference
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• 2006.06a
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• pp.607-612
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• 2006

A pressure-type rapid automatic filter of 2000mm diameter and 170 ton/h filtering capacity was fabricated. In case of no external impurity inflow, the turbidity removal efficiency on raw water was experimented and the numbers of impurities of each sizes were analyzed by particle counter. As the result of circulated filtering, the raw water of 40 NTU was filtered to 0.44 NTU and the numbers of impurities above $1{\mu}m$ were removed by approximately 95%. With the filtering efficiency experimented and the mathematical method, the turbidity change of circulation water were calculated according to the inflow rate of external impurity and water treatment method of blow-down or filtering. The cost of blow-down water was calculated from above results. And simple payback period for this filter is calculated as about one year. Nowadays, as the cost of water is continuously increasing and environment regulations will be more strict, the water quality control using this filter will be expected to satisfy the user requirement.

• The Journal of the Korea Contents Association
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• v.9 no.1
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• pp.407-416
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• 2009

It is evident that a financial feasibility study based on the economic analysis has been theoretically and practically accepted in the aspect of its adequacy. However, it is not easy to apply in the practical business affairs since there exist some difficulties on the economic analysis and the interpretation of the result because of the difficulty of the estimation of the discount rate. This study aims to suggest a method of the financial feasibility study based on the economic analysis. The results of this study are as follows. First, this study can increase the reliance and adequacy of the economic analysis result by suggesting a method of estimating the discount rate by means of the proxy ${\beta}$ method in the practical way. Second, this study can provide the overall frame of the financial feasibility study based on the economic analysis method (namely, Net Present Value Method internal rate of return, profit index method and payback period method)which use discount rate and cash flow. Third, this study can suggest an practical analysis skill required in each step of the financial feasibility study.

• 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 SAREK Conference
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• 2009.06a
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• pp.1497-1502
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• 2009

The present study has been conducted economic analysis of heat storage type ground source heat pump system(HSGSHP) and normal ground source heat pump (GSHP) and central boiler system with individual air conditioning facility which are installed at the same building in the shared an apartment house. Cost items, such as initial construction cost, annual energy cost and maintenance cost of each system are considered to analyze life cycle cost (LCC) and simple payback period (SPP) with initial cost different are compared. The initial cost is a rule to the Government basic unit cost of production. LCC applied present value method is used to assess economical profit of both of them. Variables used to LCC analysis are prices escalation rate and interest rate mean values of during latest 10 years. The LCC result shows that HSGSHP (1,351,000,000won) is more profitable than central boiler system with individual air conditioning facility by 86.7% initial cost. And SPP appeared 8.0 year overcome the different initial cost by different annual energy cost.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.25 no.11
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• pp.600-605
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• 2013

Ground source heat pump systems (GSHP) can achieve higher performance of the system, by supplying more efficient heat source to the heat pump, than the conventional air-source heat pump system. But building clients and designers have hesitated to use GSHP systems, due to expensive initial cost, and uncertain economic feasibility. In order to reduce the initial cost, many researches have focused on the energy-pile system, using the structure of the building as a heat exchanger. Even though several experimental studies for the energy-pile system have been conducted, there was not enough data of quantitative evaluation with economic analysis and comprehensive analysis for the energy-pile. In this study, a prediction method has been developed for the energy pile system with barrette pile, using the ground heat transfer model and ground heat exchanger model. Moreover, a feasibility study for the energy pile system with barrette pile was conducted, by performance analysis and LCC assessment. As a result, it was found that the heat exchange rate of a barrette pile was 2.55 kW, and the payback period using LCC analysis was 8.8 years.

• 한국신재생에너지학회:학술대회논문집
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• 2008.10a
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• pp.372-374
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• 2008

Korea classified into a development country when UNFCCC was concluded in 1995. So Korea doesn't have a GHG reduction duty until 2012. As the UNFCCC is strengthened, recently there is a growing interest in renewable energy and energy usage efficiency improvement for reducing GHG emission. It is associated with CES and renewable energy. CES is a total energy (heat, cooling and power)supplier in aggregated demand zone like a hotel, building, hospital and redevelopment district using CHP and it improves energy usage efficiency. At present, renewable energy is needed for GHG reduction duty but renewable energy doesn't have economic feasibility. So renewable energy is needed various support system to popularize which is a FIT and RPS. Especially RPS is carrying out instead of FIT in many advanced country and it will be inroduced in Korea. RPS is a duty which electricity service provider must guarantee renewable energy as much as specific ratio of total capacity. Therefore this study conducts an economic feasibility estimation of CES considering renewable energy when RPS will introduced in the future.