• Nuclear Engineering and Technology
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• v.51 no.2
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• pp.631-640
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• 2019

Thorium ($^{232}Th$) is four times more abundant than uranium in nature and has become a new important source of energy in the future. This is due to the ability of thorium to undergo the bombardment of neutron to produce uranium-233 ($^{233}U$). The aim of this study is to investigate the production cost of thorium oxide ($ThO_2$) resulted from the thorium extraction process. Four main parameters were studied which include raw material and chemical cost, total capital investment, direct cost and indirect cost. These parameters were justified to obtain the final production cost for the thorium extraction process. The result showed that the raw material costs were $63,126.00 - $104,120.77 (0.5 ton), $126,252.00 - $178,241.53 (1.0 ton), and $1,262,520.00 - $1,782,415.33 (10.0 tons). The total installed equipment and total cost investment were estimated to be approximately $11,542,984.10 and $13,274,431.715 respectively. Hence, the total costs for producing 1 kg $ThO_2$ were $6829.79 - $6911.78, $3540.95 - $3592.94, and $501.18 - $553.17 for 0.5, 1.0, and 10.0 tons respectively. The result concluded that with higher mass production, the cost of 1 kg $ThO_2$ would be reduced which in this scenario, the lowest production cost was $$501.18kg^{-1}$-$$553.17kg^{-1}$ for 10.0 tons of $ThO_2$ production.

• Korean Journal of Construction Engineering and Management
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• v.15 no.3
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• pp.120-127
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• 2014

Currently Welfare is emphasized and the trend of SOC investment shows downwards slopping. The pattern of SOC investment also changes focusing on railroad as environmental issues are critical. This study analyzes and compares the effects of sectoral SOC investments based on Input-Output Tables published by BOK (Bank of Korea). The production inducement, value-added inducement, and employment inducement effects of each sector SOC, which consist of road, railroad, port, and airport, are investigated. First, in view production inducement, sectoral SOC investments have stronger economic effects than manufacture sector. The investment of port and road show the highest value-added inducement in construction process. The investment of road records the highest employment inducement in construction and operation process. The empirical ananlysis of regional economic effects, using Regional Input-Output Tables, supports these explanation showing almost same results. As synthesizing these results, the SOC stocks have to be invested consistently for long periods. Especially the road investment is inevitable for employment. Which sector of SOC is invested depends on circumstances. If government emphasizes production inducement, railroad is invested. If focuses on value-added inducement, port.

• International Journal of Computer Science & Network Security
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• v.21 no.11
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• pp.81-88
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• 2021

The presented scientific research substantiates the principles of the mechanism of the investment resources involvement in order to introduce innovations at enterprises in the context of digitalization using a resource-functional approach. The importance of attracting investment resources, which contributes to the modernization of production systems, the creation of a stable economic field of development of economic entities, is justified. The expediency of application of the resource-functional approach on research of the mechanism of attraction of investment resources for introduction of innovations at the enterprises in the conditions of digitalization is proved. The investment process is presented in the form of a chain of interdependent processes which include: attraction of investment resources, investments, increase of investment value, profit. It is proved that the mechanism of attracting investment resources for the introduction of innovations in enterprises in the context of digitalization cannot be considered in isolation from the process, due to the fact that the mechanism is aimed at performing specific functions. The functions of the mechanism include management, complex, coordination, monitoring, performance and control functions. Functions of the mechanism of attraction of investment resources for introduction of innovations at the enterprises in the conditions of digitalization are caused by the purposes of attraction of investment resources for innovative development; the presence of an objective nature; relative independence and homogeneity; implementation of functions in the process of investing in innovative activities of the enterprise.

• IE interfaces
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• v.16 no.4
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• pp.450-462
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• 2003

In this paper, we deal with a process and layout design for producing a planned amount of Sikhye in a given limited time period under a reasonable production schedule. We represent a Sikhye production line as a vector N, the element of which denotes the number of tanks required in each process and our objective is to find an appropriate vector which minimizes the total investment cost. We suggest a systematic method for finding an appropriate N and an appropriate layout to N. In detail, first, we decide the required sequence of processes and the required operations for each process and we estimate standard operating times. Second, constructing a precedence diagram, we find a critical path in order to reduce the total production lead time for a batch of Sikhye. Third, given a limited N space, we manage to construct manually each production schedule using both the processing times of the critical operations and transfer times. Finally, we find an optimal vector N which gives a minimum investment cost and meets both the time constraint and quantity constraint. In addition, with the estimated relative size of each tank, we suggest an appropriate conceptual layout design including an expansion area for future demands, based on the span technique used in the field of architectural design.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.8 no.5
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• pp.1259-1265
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• 2007

In order to accelerate the development of the Film Industry of Korea it is quite necessary to evaluate the value of Film Production Company appropriately and then to activate investment through its work of estimating. So far however, the researches on the evaluation model for Korean Film Production Company has been rarely conducted considering those of any other advanced countries. Therefore, the appropriate valuation model among numerous valuation model for film firms has not been provided until now. So the purpose of this article is to suggest the rational decision making criteria for the investment of Film Production Company by comparing with DCF, FCF, and ROV model through the empirical research focused on case study. According to the results of research, ROV model is more efficient and available comparing other two methods.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.1 no.1
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• pp.11-26
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• 1978

Economic development is usually identified with the increased of G.N.P and capital formation connected directly wi:11 the net increase of land, structure, commodity, stocks and foreign claims, etc. The increase of G.N.P. is driving at capital formation. The usual concept of capital formation for economic development misses the important productivity factor of human capital. Because it is now increasingly realized that a massive injection of material into production will 11 not necessarily explain a successful productivity unless that country already possesses 1 suitable human capital. Human capital is built of educational investment which is related to the physical capital. Many statistical investigations identified this reality. Of late years, a great crowd of economists studying an the problem of economic development have turned their attention towards human capital. Thereupon, this paper has dealt with the fact that educational investment affects physical capital and employment. The qualitative increment of human capital will increase the productivity but excessive expenditure on human capital will squander a physical capital. In designing a strategy of human capital for economic development, one needs to consider tile level of educational investment because educational investment of developing countries will be accasionaly made or marred by investment level and direction.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.9
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• pp.1566-1574
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• 2010

This paper presents an in-depth review for current status for demand-side management (DSM) investment of energy supplier and an useful prospect on the introduction of Energy Efficiency Resource Standards (EERS). According to the Article 9 of Rational Energy Utilization Act, Energy suppliers-Korea Electric Power Corporation (KEPCO), Korea Gas Corporation (KOGAS) and Korea District Heat Corporation (KDHC) prescribed by Presidential Decree-must establish and implement annual demand-side management investment plan to improve energy efficiency in production, transformation, transportation, storage and usage of corresponding energy and to reduce demand and green house gas emissions. In this paper, we examine the DSM programs of energy suppliers and the results of DSM investment in 2009, then we propose a reasonable solution for the development of DSM investment. Furthermore, in order to compare our situation, the case studies were conducted on EERS issues in England, Italy, France and U.S, such as establishing the energy saving target, selecting the target energy supplier, and penalty and incentive mechanisms. Throughout the case studies, this paper suggests the directions to the DSM investment planning of energy suppliers and the major issues to prepare EERS in Korea.

• Journal of Korea Port Economic Association
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• v.21 no.1
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• pp.111-132
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• 2005

With the globalization of economy, there is keen competition among countries to be a logistics hub and companies are striving to be first in establishing logistics system centering on advantageous sites, especially airport and seaports, to perform supply, production and distribution. Korea competing with Northeast Asia countries is also working out strategies in order to make Korea penninsula a logistics center of Northeast Asia taking advantage of its geographical strength. Gwangyang port has designated as Free Economic Zone together with Pusan and Jinhae, Incheon from October 24th, 2003. However, the introduction of Free Economic Zone in Korea lagged behind other major countries and it has a lot of operational problems. Approximately 600 areas worldwide are designated and operated as a Free Economic Zone and Gwangyang port and its surrounding area has several points to be settled as one of FEZ. First one is its limited functions and related laws on Gwangyang Bay. Next is imperfection on development, investment and management system of the FEZ. Lack of promotion activities could be one of the problems. If we want to activate the FEZ, we must induce investment at Gwangyang Bay. This paper analyzes the above problems and presents various measures to activate Gwangyang Free Economic Zone by inducing investment for innovation cluster as follows Benchmarking to promote Gwangyang Free Economic Zone as follows Benchmarking other countries' system, governmental support, introduction & logistics functions, early development of the hinterland, supply ofeffective one-stop service, investment attraction into the area and diversified promotion & marketing activities.

• Transactions of the Korean hydrogen and new energy society
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• v.21 no.2
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• pp.143-148
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• 2010

Research and Development (R&D) investment of hydrogen and fuel cell, funded by government from 2007 to 2008 in Korea, has been analyzed. R&D investment of hydrogen and fuel cell in 2008 would see 9% and 29% of total budget in the field of renewable energy, respectively. It was found that R&D investment is mainly dependent on mission of Ministry in Korea. Basic and apply research would be mainly invested by Ministry of Education, Science and Technology (MEST), while development research would be conducted by Ministry of Knowledge Economy (MKE). In R&D investment by performer, hydrogen technology would be conducted by government-funded institute and university. It was also shown that funds for hydrogen production have been much supported than hydrogen storage. Meanwhile, fuel cell would be mainly conducted by major companies. It was also shown that funds for proton exchange membrane fuel cell (PEMFC) have been much invested than other technology in fuel cell.

• Journal of Korean Institute of Industrial Engineers
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• v.40 no.4
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• pp.358-365
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• 2014

The purpose of this paper is to analyze the efficiency of government investment in the deployment and technological development of three technological areas - wind power, photovoltaic and fuel cell - of renewable energy in Korea using the DEA (data envelopment analysis). The efficiencies of government investment in renewable energies are measured and compared among three kinds of technologies using the actual data during 2007~2009. In the present DEA model, R&D investment and government subsidies for renewable energy usage promotion are selected as input variables, and the number of patents, supply level, and the production cost as output variable. As a result, it is found that the wind power is the most efficient renewable energy in Korea in the perspective of the efficiency of government investment.