• 한국신재생에너지학회:학술대회논문집
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• 2005.06a
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• pp.600-603
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• 2005

U.S. National Research Council proposed benefits framework for energy R&D project as economic benefits, environmental benefits, security benefits and knowledge benefits. Following this framework, U.S. National Renewable Energy Laboratory evaluated the projected benefits of Federal Energy Efficiency and Renewable Energy Programs in the indicators of energy-expenditure savings, energy system cost savings, $CO_2$ emissions reductions. oil savings, natural gas saving and avoided additions to central conventional power. As this result, geothermal energy have predominant position in the energy-expenditure savings, natural gas saving and avoided addi t ions to central conventional power to FY2050. The projected benefits, in monetary value, of the whole supply-potential of geothermal energy in Korea were evaluated as 480.2 billion Won, 43.1 billion Won and 135.8 billion Won for the private energy-cost savings, social environmental-cost savings, and import energy-cost saving, respectively.

• Proceedings of the KSR Conference
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• 2007.11a
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• pp.1694-1714
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• 2007

This study is to estimate economic benefits of Standardization R&D of Urban Rail System. Benefit was to be realized through standardization of main areas such as train vehicle, railway, power system, and signal system. To derive and calculate the quantitative benefit, the sources of economic impact was divided into three dimensions -operational cost savings, import substitution, and safety effects. Economic effect of the standardization was categorized based on a modified BSC model. Economic benefits from time and labor savings are converted into cost savings. Import substitution and investment multiplier effect have a positive impact in addition to cost savings. The estimation of the standardization R&D of Urban Rail System was conservatively estimated 370 billion Won. Cost effectiveness of standardized safety system was conservatively translated into economic benefit in this analysis. This study provides a practical guide to economic evaluation of the various railway R&D projects.

• Journal of Information Technology Applications and Management
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• v.27 no.1
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• pp.111-123
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• 2020

This paper aims to highlight the importance of employee participation in green management in hotel firms. In particular, the study examined the role of employee participation in green management on cost saving as a hotel's performance indicator. We collected data from senior and general managers in Korean and US hotels. The results of the study supported our hypotheses, showing that the employee participation had a significantly positive relationship with cost savings in hotels. The results of the study also supported other hypotheses, showing that resource conservation and green building management had positive relationships with cost savings in hotels. Therefore, it can be predicted that green management can save cost in hotel firms. Such managerial implications are discussed.

• 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.

• Proceedings of the Korean Nuclear Society Conference
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• 2005.10a
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• pp.979-980
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• 2005

• Journal of the Korean Solar Energy Society
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• v.29 no.1
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• pp.1-10
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• 2009

This study was carried out to evaluate the Life Cycle Cost(LCC) of three types of RTPV(Building Integrated Photovoltaic) systems-Glass plus Granite. Crystalline BIPV and See through Amorphous BIPV-which were vertically installed to generate the same power output(76 kW level). Initial investment costs. cost. savings and maintenance costs had been predicted during the period of analysing the LCC of three types of BIPV(Building Integrated Photovoltaic) systems installed for the purpose of evaluating the LCC. In case of cost savings, it had been analyzed by measuring the amount of electric power generated, reduction in lighting load and heat & cooling loads through simulation. From this analysis, it was predicted that the See-through amorphous BIPV offering cost saving advantages demonstrated the economical efficiency similar to the Class plus Granite when it is backed by more than 20 years of durability.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2014.05a
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• pp.304-305
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• 2014

New and Renewable eco-friendly energy technique can be to enable rational use of resources, as well as securing economic efficiency. Therefore, most of the public facilities must apply eco-friendly energy systems. In this study was applied the solar light energy system to the construction projects. As a result, the proposed system was implemented various effect such as the power cost savings in public facilities. In addition to, the proposed system was improved functional aspects such as improving space utilization.

• Journal of Korean Society of Water and Wastewater
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• v.32 no.5
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• pp.421-434
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• 2018

Water supply/intake pumps operation use 70~80% of power costs in water treatment plants. In the water treatment plant, seasonal and hourly differential electricity rates are applied, so proper pump scheduling can yield power cost savings. Accordingly, the purpose of this study was to develop an optimal water supply pump scheduling scheme. An optimal operation method of water supply pumps by using genetic algorithm was developed. Also, a method to minimize power cost for water supply pump operation based on pump performance derived from the thermodynamic pump efficiency measurement method was proposed. Water level constraints to provide sufficient disinfection performance in a clearwell and reservoirs were calibrated. In addition, continuous operation time constraints were calibrated to prevent frequent pump switching. As a result of optimization, savings ratios during 7 days in winter and summer were 4.5% and 5.1%, respectively. In this study, the method for optimal water pump operation was developed to secure disinfection performance in the clearwell and to save power cost. It is expected that it will be used as a more advanced optimal water pump operation method through further studies such as water demand forecasting and efficiency according to pump combination.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.1
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• pp.21-28
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• 2013

The paper proposes an optimal sizing method of a customer's battery energy storage system (BESS) which aims at managing the electricity demand of the customer to minimize electricity cost under the time of use(TOU) pricing. Peak load limit of the customer and charging and discharging schedules of the BESS are optimized on annual basis to minimize annual electricity cost, which consists of peak load related basic cost and actual usage cost. The optimal scheduling is used to assess the maximum cost savings for all sets of candidate capacities of BESS. An optimal size of BESS is determined from the cost saving curves via capacity of BESS. Case study uses real data from an apartment-type factory customer and shows how the proposed method can be employed to optimally design the size of BESS for customer demand management.

• Proceedings of the KIPE Conference
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• 2011.07a
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• pp.491-493
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• 2011

In this paper, a 15kW grid-connected battery charging and discharging system was proposed. AC regenerative device which consisted of an inverter using IGBTs and LCL filter transferred surplus power to grid. Phase locked loop(PLL) was used to resolve three-phase unbalance. AC regeneration function is able to improve the rate of energy use and the cost savings of energy is expected.