• Environmental and Resource Economics Review
• /
• v.16 no.4
• /
• pp.763-779
• /
• 2007

The combined heat-and-power (CHP) plant is recently suggested as an effective resolution in response to recent rising oil prices and the Kyoto Protocol. This research provides a model for economic appraisal to evaluate CHP investment. Real option model is developed to incorporate a case where the investment is irreversible and underlying revenue is stochastic. The analysis shows that power plant capacity more than 40 Gcal makes CHP investment profitable while the results may vary 10 modest level with respect to investment cost, heat sales price and discount rate.

• Journal of Navigation and Port Research
• /
• v.39 no.2
• /
• pp.99-105
• /
• 2015

Until recently, thermal power plants have used high-rank coals to generate electricity. The switched to low-rank coals, primarily because of the rising coal price and the advancement of combustion technology. Therefore the thermal power plants need more fuels aspect of quantity and they are going to build extra infrastructure to deal with the increased fuel demand in their specialized ports. This paper introduces the process of the economic analysis as a case study for Hadong T/P(Thermal Power) Port. This study also evaluates investment for mew projects in ports. We analyze the costs and benefits of the port investment project using various information. And then we conduct the economic analysis using NPV(net present value), B/C ratio and IRR grounded in a financial theory. Out result of the economic feasibility shows that the new project of constructing a third berth in Hadong T/P Port has positive economic value. Additionally, this study conducts the sensitivity analysis of the major variables like cost, benefit and discount rate.

• The Journal of The Korea Institute of Intelligent Transport Systems
• /
• v.10 no.3
• /
• pp.16-24
• /
• 2011

The vehicle electronic control system is being developed as the legal and social demand for ensuring driver's safety is rising. The various Driver Assistance Systems with various sensors such as radars, camera, and lasers are in practical use because of the falling price of hardware and the high performance of sensor and processer. In the preceding study of this research, the program was developed to recognize the experiment vehicle's driving lane and the cars nearby or approaching the experiment vehicle throughout the images taken by CCD camera. In addition, the 'dangerous driving analysis program' which is Vision System basis was developed to analyze the cause and consequence of dangerous driving. However, the Vision system developed in the previous studyhad poor recognition rate of lane and vehicles at the time of passing a tunnel, sunrise, or sunset. Therefore, through mounting the brightness response algorithm to the Vision System, the present study is aimed to analyze the causes of driver's dangerous driving clearly by improving the recognition rate of lane and vehicle, regardless of when and where it is.

• Land and Housing Review
• /
• v.11 no.1
• /
• pp.21-38
• /
• 2020

This study examined the population movement of the young generation in accordance with the characteristics of housing market focusing on the housing problem of youth issues. Targeting 64 local governments in the seoul metropolitan area, the temporal range was decided as 2015. Setting up the rising population in 19-34 as a dependent variable, supposing that each age group shows different characteristics, it was divided into age groups in 19~34, 19~29, and 25~34. The population movement of the young generation in accordance with the characteristics of housing market was considered through the multiple regression analysis. In the results, the population movement of the young generation was influenced by the change in detached multi-family housing and the rate of housing supply. The increase of detached multi-family housing promoted the population inflow of the young generation while the population movement of the young generation was disturbed by the rising rate of housing supply. Also, when the local characteristics are not controlled, the young generation hesitates to enter the region where relatively high rent should be paid while the new housing supply focusing on apartment is hard to be selected by the young generation for residence because of the size and price. The population movement of the young generation looked quite different in each age group. The population inflow of the young generation in 19~29 was influenced when there were many officetels and non-apartments on top of detached multi-family housing. On the contrary, the population movement of the young generation in 25~34 was significantly influenced by the increase of the whole size of completed apartment area. Even though it was not the research subject of this study, among control variables, the financial independence and daily average number of get-on/off had effects on the movement of the young generation. It means that the housing type preferred by college students and social novices is different from the housing type preferred by the group with experiences in marriage and childbirth within the same young generation. Thus, it would be necessary to divide the purposes of policies for each subject when executing the youth housing policies.

• Land and Housing Review
• /
• v.6 no.4
• /
• pp.195-213
• /
• 2015

Recently, there has been changing the housing rental market paradigm structure which has been increased the ratios of partly monthly rental ratios, because of increasing chonsei's price, the preference of monthly rental and the rack of chonsei's supply amount. This study had done a survey of 1,400 people for private and public rental residents by region and housing types during Dec. 2014. According to the result of survey, Market participant prospect strongly to change chonsei to monthly rental market structure and the reason of rising of chonsei's price is the preference of householder's monthly rental because of decreasing interest rate and the rack of chonsei's supply amount. The housing policy's proposal of the stability of low income class's housing and jense's price strongly recommended the expansion of public rental housing supply and the activation of private rental housing, the expansion of chonsei loan, housing boucher etx. The rental market policy for high income class have desired to market autonomy than public side's intervention, on the other hands, the rental market policy for low income class have strongly need to the public side's intervention such as the contiuneous long-term rental housing supply.

• Journal of the Korean Recycled Construction Resources Institute
• /
• v.5 no.1
• /
• pp.131-138
• /
• 2010

This research intends to analyze the basic characteristics of cements(hereinafter "CC") with affordable price and particle distribution effective as hydration heat face which are discharged at the outlet of smashing process of ordinary portland cement(hereinafter "OPC") manufacturing process such as fluidity, rigidity, temporary insulation temperature increase amount etc to review the potential of developing "CC" to 3 ingredients low heat cement that substitutes fly ash and blast furnace slag(hereinafter "BS"). As a result of experiment, fluidity tended to decrease with increase in CC substitution rate, and increase with increase in FA+BS substitution rate. Air amount tended to slightly decrease with increase in CC substitution rate, and decrease with increase in FA+BS substitution rate. Condensation characteristics were such that condensation time was delayed with increase in CC and FA+BS substitution rate. As for the temperature rising amount by temporary insulation, peak temperature decreased with increase in CC substitution rate and increase in FA+BS substitution rate in general, and thereafter, temperature tended to decrease slowly. Compressive strength decreased with increase in CC and FA+BS substitution rate, and as aging goes on, long term strength was equivalent to plain or higher. By and large, when FA+BS was substituted to CC, fluidity and air amount tended to decrease, but hydration heat face showed good reduction effects, suggesting possibility of development to 3 ingredients low heat cement.

• Journal of Korean Society of Rural Planning
• /
• v.19 no.3
• /
• pp.25-36
• /
• 2013

This study aims to perform the economic analysis to the use of solar power facilities in rural villages considering the climate change scenario. IPCC climate change scenarios in the recently adopted the RCP scenarios (RCP8.5, RCP6.5, RCP4.5, RCP2.6) was used. By RCP scenarios, solar radiation, depending on the scenario in 2100, respectively, 3.6%, 2.5%, 1.9%, 1.1% was assumed to increase. From the economic analysis(payback period is 25 year) on 8 points of each province, in all cases of normal data and four RCP scenarios, at all points analyzed were NPV indicate a negative, BC ratio less than 1.0, respectively. In the case of Mokpo, Chunnam RCP8.5, BC ratio were found to be up to a 0.92, followed by 0.89 in the case of RCP8.5 in Jinju, Kyungnam shows, while the minimum was in Jeju. BC ratio is 1.0 or bigger, in order for the normal solar radiation data in Mokpo, Chonnam was the minimum that it takes 37 years. Similarly, in the case of RCP scenarios, 30 years in Mokpo, Chonnam RCP8.5 and 31 years in the cases of Jinju, Kyungnam and Jeonju, Cheonbuk RCP8.5 were analyzed. It was analyzed that RCP8.5 has the highest value. BC analysis models for each of the factors, the results of the sensitivity analysis, the initial installation costs, electricity sales price, discount rate in the order of economy showed higher sensitivity, and the rest factors showed lower changes. Although there are some differences of solar radiation by region, but in Korea most facilities in rural areas, the use of solar power was considered to be economical enough, considering change of several factors with high sensitivity, such as increasing of government subsidies for the solar power installation of the facility, rising oil prices due to a rise in electricity sales price, and a change in discount rate. In particular, when considering climate change scenarios, the use of solar energy for rural areas of the judgment that there was more economical.

• Journal of the Korea Fashion and Costume Design Association
• /
• v.16 no.3
• /
• pp.135-149
• /
• 2014

Fur clothing as fashion items is expanding into casual & ladies's wear market as well as fur market. The interest of fur fashion is rising. So this study compares and analyzes the merchandising process of textile clothing also it of fur clothing by merchandising steps. Fur clothing has so many change factors at time of purchase by scarcity of raw material, price fluctuation, exchange rate and others. Therefore it is primarily about securing of raw material. As soon as plan of product is finished, the purchase of fur raw material has to be started while progress of design products for commercializing the fur clothing. The design of fur clothing is consist of material design, color design and shape design. And It makes a new trend & market as we are developing new & various treatments. The some of imported materials are transferred to the factory for being treated first dressing, fabric treatments and dyeing processing according to the design. The first treated materials are transferred to the sewing factory again for secondary treatments and finally inspected and shipped. During secondary treatments the fur has gone through various manufacturing process for using like fabric materials and it takes long time because almost work is running manually. Unlike fabric clothing, fur clothing's manufacturing method is complicated and various from material process to shape process as per feature. Therefore the merchandising with fur cannot make mass production also needs detail craftsmanship depending by expert's skills. On this wise the fur clothing takes long time to the completion thus it has been risky and costly.

• Journal of Ocean Engineering and Technology
• /
• v.27 no.2
• /
• pp.59-68
• /
• 2013

Because of the recent increase in maritime cargo capacity, the production and price of crude oil have been rising. As oil prices have risen, many problems have occurred in the industry. To solve these problems, marine resources are being actively developed, and there has been an increase in the orders for special vessels and marine structures for the development of marine resources. However, consequently, various kinds of accidents have also occurred in these special vessels and structures. One of the major types of accidents involves fire and explosion, which cause many casualties and property damage. Therefore, various studies to estimate and prevent such accidents have been carried out. In this study, as basic research for the prevention of fire and explosion, numerical simulations on combustion were carried out by using a commercial grid generation program, Gridgen, and a CFD program, ANSYS-CFX. The influences of some parameters, such as the grid system, turbulence model, turbulent dissipation rate, and so on, on the simulation results were investigated, and optimum ones were chosen. It was found that the present results adopting these parameters agreed moderately well with other experimental and numerical ones.

• Journal of Biosystems Engineering
• /
• v.38 no.4
• /
• pp.306-311
• /
• 2013

Purpose: With the ever-rising energy prices, thermal energy heavily consuming facilities of the agricultural sector such as commercialized greenhouses and large-scale Rice Processing Complexes (RPCs) need to cut down their energy cost if they must run profitable businesses continually. One possible way to reduce their energy cost is to utilize combustible agricultural by-products or low-price oil instead of light oil as the fuel for their boiler systems. This study aims to analyze the heavy oil combustion characteristics of a newly developed hot water boiler system that can use both rice husk and heavy oil as its fuel convertibly. Methods: Heavy oil combustion experiments were conducted in this study employing four fuel feed rates (7.6, 8.5, 9.5, 11.4 $l/h$) at a combustion furnace vacuum pressure of 500 Pa and with four combustion furnace vacuum pressures (375, 500, 625, 750 Pa) at fuel feed rates of 9.5 and 11.4 $l/h$. Temperatures at five locations inside the combustion furnace and 20 additional locations throughout the whole hot water boiler system were measured to ascertain the combustion characteristics of the heavy oil. From the temperature measurement data, the thermal efficiency of the system was calculated. Flue gas smoke density and concentrations of air-polluting components in the flue gas were also measured by a gas analyzer. Results: As the fuel feed rate or combustion furnace vacuum pressure increased, the average temperature in the combustion furnace decreased but the thermal efficiency of the system showed no distinctive change. On the other hand, the thermal efficiency of the system was inversely proportionally to the vacuum level in the furnace. For all experimental conditions, the thermal efficiency remained in the range of 80.1-89.6%. The CO concentration in the flue gas was negligibly low. The NO and $SO_2$ concentration as well as the smoke density met the legal requirements. Conclusions: Considering the combustion temperature characteristics, thermal efficiency, and flue gas composition, the optimal combustion condition of the system seemed to be either the fuel feed rate of 9.5 $l/h$ with a combustion furnace vacuum pressure of 375 Pa or a fuel feed rate of 11.4 $l/h$ with a furnace vacuum pressure between 500 Pa and 625 Pa.