• Title/Summary/Keyword: Reduced Cost

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Estimation of LCOE for Korean PV Projects : For the Ones that Financial Investors Participated in (한국 태양광발전사업의 에너지균등화비용(LCOE) 추정: 재무적투자자 참여사업을 대상으로)

  • Kim, Young-Kyung;Chang, Byung-Man
    • New & Renewable Energy
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    • v.8 no.3
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    • pp.23-29
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    • 2012
  • LCOE of 11 Korean PV projects, total capacity of 44 MW, were calculated for each project being larger than 1 MW respectively. 9 out of 11 projects were constructed in 2008 under FIT scheme revealed that average LCOE is 600 Korean Won per kilowatt-hour and it becomes reduced to 348 Korean Won per kilowatt-hour for 2 projects that are constructed under RPS scheme in 2012. During the period between 2008 and 2012, installation cost per megawatt became 55% of 2008 value with operation and maintenance cost lowered to 80% while LCOE became only 58% due to reduced project size and lower irradiation for later projects. However, it is found that the ratio of LCOE / unit installation cost looks relatively constant, so that it can be used as an auxiliary parameter to gauge learning effect of BOS portion of a PV project.

Investigation of Hydrate Inhibition System for Shallow Water Gas Field: Experimental Evaluation of KHI and Simulation of MEG Regeneration Process

  • Lee, Suk;Kim, Hyunho;Park, Ki-Heum;Seo, Yutaek
    • Journal of Ocean Engineering and Technology
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    • v.34 no.5
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    • pp.342-350
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    • 2020
  • In this study, a hydrate inhibition system is investigated for shallow water gas fields. Mono-ethylene glycol (MEG) injection has been used as a typical method for inhibiting hydrate formation in gas fields; therefore, most offshore platforms are equipped with MEG injection and regeneration processes. A recent application of a kinetic hydrate inhibitor (KHI) has reduced the total volume of MEG injection and hence reduce the operating cost. Experiments are designed and performed to evaluate and verify the KHI performance for inhibiting hydrate formation under shallow water conditions. However, the shut-in and restart operation may require the injection and regeneration of MEG. For this operation, the MEG concentration must be optimized while considering the cost of MEG regeneration. The obtained results suggest that decreasing MEG concentration from 80 wt% to 70 wt% can reduce the life cycle cost (LCC) of MEG regeneration process by approximately 5.98 million USD owing to reduced distillation column cost. These results suggest that the hydrate inhibition system must be evaluated through well-designed experiments and process simulations involving LCC analysis.

System model reduction by weighted component cost analysis

  • Kim, Jae-Hoon;Skelton, Robert-E.
    • 제어로봇시스템학회:학술대회논문집
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    • 1993.10b
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    • pp.524-529
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    • 1993
  • Component Cost Analysis considers any given system driven by a white noise process as an interconnection of different components, and assigns a metric called "component cost" to each component. These component costs measure the contribution of each component to a predefined quadratic cost function. One possible use of component costs is for model reduction by deleting those components that have the smallest component cost. The theory of Component Cost Analysis is extended to include finite-bandwidth colored noises. The results also apply when actuators have dynamics of their own. When the dynamics of this input are added to the plant, which is to be reduced by CCA, the algorithm for model reduction process will be called Weighted Component Cost Analysis (WCCA). Closed-form analytical expressions of component costs for continuous time case, are also derived for a mechanical system described by its modal data. This is very useful to compute the modal costs of very high order systems beyond Lyapunov solvable dimension. A numerical example for NASA's MINIMAST system is presented.presented.

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A Study on The Implementation Procedures and Limitations of Quality Cost System (품질비용(品質費用)시스템의 구축절차(構築節次)와 한계(限界)에 관한 소고(小考))

  • Yoo, Han-Joo;Kim, Dal-Gon
    • Journal of Korean Society for Quality Management
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    • v.22 no.4
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    • pp.132-151
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    • 1994
  • Quality is a critical competitive factor in today's environment because of the impact of quality on market share, productivity and costs. Especially in Korean companies, the importance of quality is heightened as they are losing price competitiveness compared to the new industrialized countries. The traditional approach to quality improvement has been focused on workers. The primary means to achieving acceptable outgoing quality has been to inspect quality by adding more inspectors and inspection stations. This is an example of quality cost that can be reduced through the preventive actions against bad quality. Quality cost is best viewed as a measure of costs specifically associated with the achievement or nonachievement of product/service quality required by customers. This paper examines the concept of quality cost, provides guidance to implementing a quality cost system, and identifies the limitations of quality cost information. These limitations are the target for future research for an efficient and effective implementation of quality cost system.

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Strategic Planning for Bioenergy Considering Biomass Availability in Rural Area (바이오매스 부존특성을 고려한 농촌지역 바이오에너지 보급전략)

  • Hong, Seong-Gu
    • Journal of The Korean Society of Agricultural Engineers
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    • v.50 no.4
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    • pp.51-58
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    • 2008
  • Unit costs for energy production in bioenergy facilities are dependent upon both fixed cost for facility construction and operational costs including biomass feedstock supply. With the increase of capacity, unit fixed cost could be decreased while supply cost tends to increase due to the longer transportation distance. It is desirable to take into account biomass availability in planning bioenergy facilities. A cumulative curve relationship was proposed to relate biomass availability and cumulative products of biomass amount and transportation distance. Optimum size of gasification facilities was affected by collection cost, biomass cumulative relationship. Based on biomass availability of Icheon-City, optimum sizes were about $400kW_{th}$ for gas production, and about $200kW_{el}$ for power generation. Unit cost of bioenergy production could be substantially reduced by reducing collection cost through supplying biomass from diverse sources including land development areas where significant amount of waste wood is generated. When planning bioenergy facilities, however, biomass availability and spatial distribution are key factors in determining the size of capacity.

Cost Reduction Design in Single-phase Line-start Permanent Magnet Motor (단상 유도형 동기 전동기의 Cost 저감 설계)

  • Lee, Byeong-Hwa;Nam, Hyuk;Lee, Jeong-Jong;Fang, Liang;Hong, Jung-Pyo;Ha, Seung-Hyung
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.57 no.12
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    • pp.2208-2212
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    • 2008
  • This paper deals with the cost reduction design of a single-phase line-start permanent magnet(LSPM) motor. Due to high cost of the permanent magnet(PM), cost reduction can be effectively achieved by reducing PM volume. Therefore, motor characteristics according to the PM volume are calculated by using d-q axis equivalent circuit analysis, and the characteristic map is made. In the characteristic map, maximum torque and efficiency are shown according to motor parameters such as back electromotive force(back emf) and inductances; back emf represents the PM volume. Minimum back emf and inductances satisfying output performance are determined in the characteristic map. Then, motor geometry based on the prototype motor is optimized to get the determined parameters using response surface methodology(RSM) and finite element method(FEM). Through the presented cost reduction design, total PM volume is reduced to 32% of prototype model.

Life Cycle Cost Analysis on the Application of FRP in Construction Field (건설구조물에 적용된 섬유복합재료의 LCC 검토)

  • Han, Bog-Kyu;Shin, Gaon-Su;Kim, Ki-Soo;Hong, Geon-Ho
    • Composites Research
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    • v.19 no.5
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    • pp.34-39
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    • 2006
  • The mechanical properties and durabilities of fiber advanced composites make them ideal for widespread applications in construction worldwide. However, one of the problems of fiber reinforced advanced composites has expensive initial costs. So the efforts for lowering the initial cost have to be needed. There has been hardly assessment results of life cycle cost for fiber reinforced advanced composites in construction field, but some papers showed that total life cycle cost could be profitable, if the initial cost could be reduced. The purpose of this paper is to report assessment results of LCC(Life Cycle Cost) for application of FRP(Fiber Reinforced Plastic) in construction field.

A Study on the Authorized Stockage List Slection Model Using Goal Programing (목표계획법을 이용한 사단급 ASL선정모형에 관한 연구)

  • 길계호;김충영
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1998.10a
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    • pp.75-78
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    • 1998
  • The selection criteria of the Authorized Stockage List(ASL) in the Army is based on Army Regulation(AR)409, the selection method of ASL is not considered in cost, weight and volume of repair parts. This paper is focused on developing for a new selection model taking account of cost, weight and volume of repair parts. This model is applied to data of a division. The ASL selected in the model is more reduced in cost, weight and volume than that of the previous method.

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Hand Proximity Effect on Task Switching Performance Through Cue Modality (손 근접성이 단서양상에 따라 과제전환 수행에 미치는 효과)

  • Choi, Jeongyoon;Han, Kwanghee
    • Science of Emotion and Sensibility
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    • v.21 no.2
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    • pp.73-88
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    • 2018
  • The present study examined how processing features of visual information near the hand would affect task switching. Recent studies reported enhanced cognitive control of visual information presented the near hands. To investigate the enhancement of cognitive control based on the relationship between hand proximity and attention, we implemented 2 experiments. In the task switching performance experiment, the hand proximity effect depended on modality of cue and target. The first experiment showed that stimuli near the hand received greater cognitive control than stimuli far from the hand, resulting in smaller switch cost. The result could rule out the feature-binding problem, which identifies reduced switch cost as the cause instead of hand proximity. Our results show that hand proximity actually reduced switch cost. In the second experiment, we examined the effects of hand nearness, modality, and their interaction on switch cost. In task switching, the target was always visual, and the cue was presented either visually or auditorily. In addition, we manipulated the cue-target interval to observe the preparation effect of cue. The results showed that a visual cue near the hand reduced switch cost by shortening task preparation time. Also, modality switching between an auditory cue and visual target was remarkable in a hand-near condition. The results for the visual cue could be interpreted as a benefit of rapid visual attention orienting. On the other hand, the results for the auditory cue could be interpreted as the cost of interference of modality switching by slower attentional disengagement of stimuli near the hands. Finally, modulation of switch cost by attention induced by hand nearness was discussed.

Study on mold sterilization using High Electric field generation system

  • Kee-Yeon Joe
    • Proceedings of the KIPE Conference
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    • 2000.07a
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    • pp.535-538
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    • 2000
  • There are several electricity applied sterilizers such as sterilizer with high frequency sterilizer with ozone sterilizer with high voltage and so on Those sterilizers feature "because there is no chemical process there is no secondly environmental pollution" At the power conversion part ZVS and ZCS methods have been used that it results in reduced switching loss miniaturized size and lightened weight, Besides the current in the device is smaller than that of existing method. Thus it is expected that the cost of sterilization process when quality of the device is measured by power consumption will be reduced.e reduced.

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