• Title/Summary/Keyword: Social cost savings

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Indicators of Economic Evaluation and Case Studies on New & Renewable Energy (신재생에너지 경제성 평가 결과 분석 및 평가지표 연구)

  • Ahn Eun-Young;Kim Seong-Yong
    • 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.

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Electric Bill Minimization Model and Economic Assessment of Battery Energy Storage Systems Installed in a Non-residential Customer (비주거용 소비자 전력요금최소화 목적 BESS 최적운영 및 경제성 평가)

  • Park, Yong-Gi;Kwon, Kyoung-Min;Lim, Sung-Soo;Park, Jong-Bae
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.65 no.8
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    • pp.1347-1354
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    • 2016
  • This paper presents optimal operational scheduling model and economic assessment of Li-ion battery energy storage systems installed in non-residential customers. The operation schedule of a BESS is determined to minimize electric bill, which is composed of demand and energy charges. Dynamic programming is introduced to solve the nonlinear optimization problem. Based on the optimal operation schedule result, the economics of a BESS are evaluated in the investor and the social perspective respectively. Calculated benefits in the investor or customer perspective are the savings of demand charge, energy charge, and related taxes. The social benefits include fuel cost savings of generating units, construction deferral effects of the generation capacity and T&D infra, and incremental CO2 emission cost impacts, etc. Case studies are applied to an large industrial customer that shows similarly repeated load patterns according to days of the week.

Motives for Participating in Sharing Economy: Intentions to Use Car Sharing Services

  • Joo, Jae-Hun
    • Journal of Distribution Science
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    • v.15 no.2
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    • pp.21-26
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    • 2017
  • Purpose - Sharing economy is a promising research topic as a complementary approach for solving difficult issues resulting from market economy. Motive factors for consumer participation in sharing economy are necessary to facilitate the growth of sharing economy. This study analyzes motives for participating in sharing economy using samples from a car sharing service in South Korea. Research design, data, and methodology - Four hypotheses drawn from a new research model integrating the relationships between economic and social value, social value, and the intention to use sharing economy services were proposed. 292 valid samples were collected from Socar users in South Korea. Multiple regression analysis was employed to test the hypotheses. Results - An empirical study identified the importance of convenience and time savings as determinants of intention to use continuously a car sharing service. Cost savings and social value did not significantly influence the intention to use car sharing service. Conclusions - The present study implies that managers working in sharing economy don't have to miss a role of convenience. Although a new finding implies that convenience is an important factor influencing car sharing service, the present study has a limitation of generality that samples are mostly collected from the age range of 20 to 30 years.

A Benefit-Cost Analysis on the DSM Programs (DSM 프로그램의 비용효과 분석)

  • 오영진;김발호;박종배
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.52 no.9
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    • pp.535-541
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    • 2003
  • Demand Side Management (DSM) activities have been designed to encourage customers to modify their patterns of electricity consumption including the timing and level of electricity demand. The role of DSM has been more and more important in the point of social energy utilization on the limited resources. The objectives of DSM are generally related to load reductions and generation cost savings. This paper presents an approach to B/C analysis to evaluate the impact of DSM programs especially on the strategic conservation and the load management programs. The proposed approach embedding the existing B/C analyses is applicable to the new electricity market. Case studies show the B/C ratio and the avoided cost due to the impact of DSM programs.

The Analyses of Research Productivity and Review Efficiency for IT Related Journal (IT 분야 학술지의 연구 생산성 및 심사 효율성 분석)

  • Kim, Kihwan;Kim, Injai
    • Journal of Information Technology Services
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    • v.13 no.4
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    • pp.93-107
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    • 2014
  • Interests on collaborative research and academic relationship among researchers have been increased. Collaborative researchers can maximize productivity, time and cost savings, and reduce the risk of research. An empirical study on the research productivity of co-authors' network and review efficiency of the reviewer network was conducted based on co-author networks and reviewer networks in Korea Society of IT Service. This study aims to find the characteristics of the co-author and reviewer networks, and to analyze research productivity and review efficiency in order to draw some implications. The meaning of interactions among professional groups was analyzed. Research productivity index was calculated using 728 authors' papers submitted to the society. In order to verify the effects of indicators of social network analysis on research productivity and review efficiency, correlation and regression analyses were used. As a result, the indicators of network centrality did not affect the review efficiency, but affect the research productivity.

Development of Mobile Art Therapy Contents

  • Kim, Hye-Suk;Cho, Young-Ju
    • Journal of the Korea Society of Computer and Information
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    • v.21 no.7
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    • pp.23-30
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    • 2016
  • In this paper, we propose a portable art therapy content. The proposed content makes counseling clients get a psychical cure at least cost regardless of time and place Counseling clients express their psychological state as pictures through the proposed content. And Counselors analyze and interpret the figures based on the database which is built into the server system. Due to the development of advanced technologies, various adjustment disorders and addictions have increased in the rapidly changing modern society. This causes the increase of counseling clients who want a psychical cure. And also counseling time, counseling place and counseling cost are emerging as a social issues. Psychotherapy specialists use the proposed content at the stage of the psychoanalysis which needs a lot of time and effort. The proposed content exploits the sever system to make the right decisions quickly and accurately. Counseling clients who are the medical underprivileged get visit consultation and online consultation can detect a psychological high-risk in an early stage and prevent this psychological high-risk. Preventive treatment service using the proposed content will make the social and medical cost savings.

Effects of Extending Duration of Nighttime Road Construction (도로품질 향상을 위한 야간 도로공사 시간확대의 영향분석)

  • Lee, Dongmin;Choi, Junseong;Park, Jejin;Park, Yongjin
    • International Journal of Highway Engineering
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    • v.19 no.5
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    • pp.153-162
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    • 2017
  • PURPOSES : This study was conducted to analyze the effects arising from extending the duration of nighttime road construction on improving road quality and durability. METHODS : Most previous studies estimating the social cost of various construction conditions did not consider road pavement cooling time as a factor in improving road pavement quality. This study investigated the feasibility of achieving higher road quality and durability by extending the duration of nighttime road construction time extension. For this investigation, the effects of such an extension on traffic conditions were analyzed based on micro-simulation studies and scenario-based cost-benefit analyses, using factors including traffic volume, delay, construction cost, and road pavement cooling time. RESULTS : The results of the traffic simulation studies and cost-benefit analyses indicate that the current road construction method that emphasizes completing nighttime road construction by 6 a.m. reduces pavement life while causing relatively little traffic delay. If the night construction time is instead extended to 2 p.m., road pavement lifetime is increased, reducing road re-construction cost. These savings are greater than the cost of congestion arising from extending the duration of nighttime construction. CONCLUSIONS : The current nighttime construction durations need to be extended in order to efficiently manage roads and reduce road management costs.

An improved methodology for estimating traffic accident cost savings in the (preliminary) feasibility study ((예비)타당성조사의 교통사고 감소편익 산정방안 보완 연구)

  • Jang, Su-Eun;Jeong, Gyu-Hwa
    • Journal of Korean Society of Transportation
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    • v.25 no.5
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    • pp.15-21
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    • 2007
  • This paper proposes an improved methodology for estimating traffic accident cost savings in the transport appraisal. Four major problems from the existing framework are identified and their alternatives are suggested. First, casualties in the established approach are classified by just two types of 'killed' and 'injured'. This study supplies the indices of fatality further details. Namely, road victims are regrouped by 'killed', 'seriously injured', 'slightly injured', and 'accident reports'. Those of railways are similarly sorted by 'killed', 'seriously injured', and 'slightly injured'. Second, damage only accidents are not satisfactorily considered in the current arrangement. The accidents should be considered as one of the accident types and the social cost of them should also be evaluated. Third, the unit cost of accidents is given by the total value. The unit cost is consisted of several elements and each loss would be useful for a policy frame. This study breaks down the total figure into four pieces of costs, namely production loss, medical treatment, property loss, and administrative costs. Finally, there is inconsistency in the audit between roads and railways. Road accidents are analyzed by road types. On the other hand, patronage or others is the classification rule of rail accident costs. This paper suggests a way that the accident costs of two modes can be coherently estimated based on the level of services by each mode. The result of this study is expected to help frame more cautious social overhead capital investment policies.

An Economic Assessment of Large-scale Battery Energy Storage Systems in the Energy-Shift Application to Korea Power System (장주기 대용량 전력저장장치의 부하이전에 대한 실계통 적용 경제성 평가 연구)

  • Park, Jong-Bae;Park, Yong-Gi;Roh, Jae-Hyung;Chang, Byung-Hoon;Toon, Yong-Beum
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.64 no.3
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    • pp.384-392
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    • 2015
  • This paper presents an economic assessment of large-scale Li-ion battery energy storage systems applied to Korean power system. There are many applications of the battery energy storage systems (BESSs) and they can provide various benefits to power systems. We consider BESSs to the energy time-shift application to Korean power system and evaluate the benefits from the application of BESS in the social perspective. The mixed integer programming (MIP) algorithm is used to resolve the optimal operation schedule of the BESS. The social benefits can include the savings of the fuel cost from generating units, deferral effects of the generation capacity, delay of transmission and distribution infra construction, and incremental CO2 emission cost impacts, etc. The economic evaluation of the BESS is separately applied into Korean power systems of the Main-land and Jeju island to reflect the differences of the load and generation patterns.

Experimental studies of energy savings and economic effects by direct removal of carbon dioxide in the multi-use facility ($CO_2$ 직접 제거를 통한 다중이용시설의 에너지 절감 및 경제적 효과에 대한 실험적 연구)

  • Kim, Yo Seop;Lee, Ju-Yeol;Choi, Jin Sik;Shin, Jae Ran;Lim, Yun Hui;Park, Byung Hyun;Kim, Yoon-Shin
    • Journal of the Korean Applied Science and Technology
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    • v.31 no.3
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    • pp.466-471
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    • 2014
  • It is important to develop the smart ventilation system in order to minimize a building energy consumption using ventilation. In this study, We evaluated the efficiency of the smart ventilation system being developed at the nursery. To evaluate the energy savings and carbon dioxide removal efficiency, two kinds of experimental conditions were compared. First, air conditioner and Smart HVAC system were operated. Second, air conditioner was operating and external air was put into the inside by rate of air circulation. It was more effective when working with air conditioning and ventilation system at the same time. If the Smart HVAC system is applied in a multi-use facility, indoor air quality will be comfortable and the social cost will be reduced.