• Title/Summary/Keyword: Supply Expansion

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Evaluation of Investment Value of Renewable Energy and Decision Making for Market Entry Using the Idle Space of Public Enterprises (공기업 유휴공간을 활용한 신재생에너지 투자사업에 대한 실물옵션기반 의사결정방안)

  • Na, Seoung Beom;Jang, Woosik;Kim, Kyeongseok;Kim, Byungil;Lee, Harry;Lee, Changgeun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.7
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    • pp.168-175
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    • 2020
  • Recently, there has been an increasing need to expand the supply of renewable energy as a solution to greenhouse gas emissions. Therefore, as a measure to promote domestic renewable energy investment and gradual expansion, this study analyzed the investment value of renewable energy projects utilizing the unoccupied spaces of public enterprise's facilities and presented a strategic decision-making framework to support efficient national land development and government measures. The NPV was estimated to be 286 million won if the expansion of the facility was not considered, but it is reasonable to postpone the expansion decision because the value of -130 million won was calculated if the expansion was considered. On the other hand, the real-option value was estimated to be 444 million won, taking SMP uncertainty, expansion, and abandonment options into account, and an additional value of 288 million won was calculated from an analysis of the expansion project using the existing NPV analysis.

The Development of KOGAS Membrane for LNG Storage Tank (LNG 저장탱크용 KOGAS 멤브레인 개발)

  • Oh, Byoung-Taek;Kim, Young-Kyun;Yoon, Ihn-Soo;Seo, Heung-Seok;Hong, Seong-Ho
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.26 no.6
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    • pp.1203-1208
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    • 2002
  • LNG demand has been rapidly increasing in Korea for a variety of reasons including stable supply, non-polluting, and high combustion efficiency characteristics. As a result the construction and expansion of LNG storage facilities have been continuing at a vigorous pace. Korea Gas Corp. (KOGAS) has developed the design technology of the LNG storage tank. One of the most important structural core element of the LNG storage tank is the membrane, made by stainless steel. The membrane to be applied inside of LNG storage tank is provided with corrugations to absorb thermal contraction and expansion caused by LNG temperature. Analytical results have been performed to investigate the strength of the membrane and the reaction farce at the anchor point. Experimental studies are performed to investigate the deformation and strength of the membrane which is designed by Kogas. All experiments are conducted on the basis of RPIS, and we found the results are fully satisfied with the RPIS.

Agricultural Infrastructure Expansion Plan for North Korea Providing for Unification of the Korean Peninsula - An Economic Feasibility Analysis - (통일 대비 북한 농업생산기반시설 확충방안 - 경제성 분석을 중심으로 -)

  • Kwun, Soon-Kuk;Kim, Kwan-Soo;Lee, Jeong-Jae;Lee, Je-Myung;Park, Chang-Keun
    • Journal of The Korean Society of Agricultural Engineers
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    • v.48 no.6
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    • pp.17-28
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    • 2006
  • We propose an Agricultural Infrastructure Expansion Plan (AIEP) for North Korea following unification from the standpoint of a united Korea's social stability. We predict the food demand after unification, according to four different development scenarios based on the AIEP. These scenarios include meeting a self-sufficient level in the staple food crop, satisfying long-term food supply and demand for the North Korean people, achieving a level of North Korean food consumption comparable to that of South Korea, and maintaining productivity to stabilize of North Korea's rural society. We present the results of a 'benefit-cost' analysis in meeting the production targets of predicted food demands after unification from a civil engineering perspective. We found that the estimated total costs would range from 15.2 to 43.0 billion dollars depending on the particular AIEP scenario. In our analysis, all of the four scenarios presented above demonstrated a high degree of economic validity. We conclude that the AIEP is a necessary and economically valid project for a united Korea's future because it would forestall the collapse of North Korea's rural communities, thereby preventing tremendous economic losses upon unification.

The Study of Kogas Membrane Performance Test for LNG Storage Tank (Kogas 멤브레인 성능평가에 관한 연구)

  • Kim Y.K.;Hong S.H.;Yoon I.S.;Oh B.T.;Seo H.S.
    • 한국가스학회:학술대회논문집
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    • 2001.10a
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    • pp.16-22
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    • 2001
  • LNG demand has been rapidly increasing in Korea for a variety of reaso including stable supply, non- polluting, and high combustion efficiency characteris As a result the construction and expansion of LNG storage facilities have b continuing at a vigorous pace. One of the most important structural core elemen the LNG storage tank is the membrane, consisting of stainless steel. The memb to be applied inside of LNG storage tank is provided with corrugations to abs thermal contraction and expansion caused by LNG temperature. From the viewp of strength design, however. it is essential to confirm that the membrane undergo a stable deformation and has a sufficient fatigue strength Experim studies are presented to investigate the deformation and strength of the memb which is designed by Kogas. All experiments are conducted on the basis of RP and we found the results is fully satisfied with the RPIS.

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Measurement and Analysis of Showcase Field Data (쇼케이스의 현장 데이터 측정 및 분석)

  • Shin You-Hwan;Oh Wang-Kyu;Park Ki-Ho;Kim Youngil;Shin Younggy
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.17 no.5
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    • pp.436-443
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    • 2005
  • Experimental study was performed to understand the operation of an on-site showcase working in a super discount store. Inlet and outlet temperatures of evaporator, condenser, expansion valve and compressor were measured for both air and refrigerant sides. Electric power consumption of compressors, defrosting heaters, cooling water pumps and etc. were measured. The operating characteristics of the showcase system under various working conditions were analyzed and discussed. During the defrosting process, the air temperature inside the showcase increased to $15^{\circ}C$, which gave harmful effect to the frozen food. The collected data will serve as valuable information for diagnosing and improving the performance of showcases.

External Environment Analysis of Target Countries for Overseas Expansion of Long-life Housing (장수명주택 해외진출을 위한 대상국가의 외부환경분석)

  • Chung, Joonsoo;Lee, Bora
    • Journal of the Korean housing association
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    • v.26 no.5
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    • pp.71-78
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    • 2015
  • Currently, the Korean construction industry is shifting its interest to the overseas construction market because of a stagnating domestic market. In the meantime, the international housing construction market is expanding with respect to new city development projects that are supported by population growth and urban migration. Despite the Korean construction industry's expertise in new city development, technology, and systems for apartment supply, the share of Korean players in the international housing construction market is continuously decreasing. As a measure to overcome this situation, the authors of this study considered the paper "The Development of a Cost Effective, Long-life Housing Model and Construction of Testbed," which is currently in progress as a part of national project. Through literature review and interviews with experts, the authors determined that there are "column+minimum interior (infill)" apartments that are similar to the long-life housing in some areas of China, Southeast Asia, and Russia. Candidate countries expected to be feasible for the entry of long-life housing were selected by determining the top countries that have already entered the long-life housing market and analyzing those selections through additional specific techniques. The external environments of the selected countries were also analyzed. Please refer to the full paper for details.

A STUDY ON THE PROBABILISTIC PRODUCTION COST SIMULATION BY THE MIXTURE OF CUMULANTS APPROXIMATION (MIXTURE OF CUMULANTS APPROXIMATION 법에 의한 발전시뮬레이션에 관한 연구)

  • Song, K.Y.;Kim, Y.H.;Cha, J.M.
    • Proceedings of the KIEE Conference
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    • 1990.07a
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    • pp.154-157
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    • 1990
  • This paper describes a new method of calculating expected energy generation and loss of load probability (L.O.L.P) for electric power system operation and expansion planning. The method represents an equivalent load duration curve (E.L.D.C) as a mixture of cumulants approximation (M.O.C.A), which is the general case of mixture of normals approximation (M.O.N.A). By regarding a load distribution as many normal distributions-rather than one normal distribution-and representing each of them in terms of Gram-Charller expansion, we could improve the accuracy of results. We developed an algorithm which automatically determines the number of distribution and demarcation points. In modelling of a supply system, we made subsets of generators according to the number of generator outage: since the calculation of each subset's moment needs to be processed rapidly, we futher developed specific recursive formulae. The method is applied to the test systems and the results are compared with those of cumulant, M.O.N.A and Booth-Baleriaux method. It is verified that the M.O.C.A method is faster and more accurate than any other methods.

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Analysis of Symmetric and Periodic Open Boundary Problem by Coupling of FEM and Fourier Series

  • Kim, Young Sun
    • Journal of Magnetics
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    • v.18 no.2
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    • pp.130-134
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    • 2013
  • Most electrical machines like motor, generator and transformer are symmetric in terms of magnetic field distribution and mechanical structure. In order to analyze these problems effectively, many coupling techniques have been introduced. This paper deals with a coupling scheme for open boundary problem of symmetric and periodic structure. It couples an analytical solution of Fourier series expansion with the standard finite element method. The analytical solution is derived for the magnetic field in the outside of the boundary, and the finite element method is for the magnetic field in the inside with source current and magnetic materials. The main advantage of the proposed method is that it retains sparsity and symmetry of system matrix like the standard FEM and it can also be easily applied to symmetric and periodic problems. Also, unknowns of finite elements at the boundary are coupled with Fourier series coefficients. The boundary conditions are used to derive a coupled system equation expressed in matrix form. The proposed algorithm is validated using a test model of a bush bar for the power supply. And the each result is compared with analytical solution respectively.

A Study on the Time-periodic Characteristics of Multi-Family Housing in Cheongju (청주지역 공동주택의 시기별 특성에 관한 연구)

  • Han, Jo-Dong;Rhee, Kang-Hoon
    • Journal of the Korean Institute of Rural Architecture
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    • v.3 no.3
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    • pp.57-67
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    • 2001
  • The evolution of multi-family housing in Cheongju can be divided by four stages which are a introduction period from 1972 to 1980, a popularization period from 1981 to 1989, a expansion period from 1990 to 1997, and a stagnation period after 1998. In the introduction period, the multi-family housings were mainly low-rise buildings because a government policy which focused on extension of the apartments for the low-income influenced multi-family housing constructions. During the popularization period, the multi-family housings were still low-rise but houses in various sizes were introduced. That was because the Housing Site Developments were started and private companies' participations followed them increasingly. As a result of vigorous participations of private companies and massive developments of housing sites, the multi-family housings in the expansion period started to show constructions of complex and trends of high density and high rising. Finally, in the stagnation period, a rate of the supply of the small houses, whose size was below $60m^2$ of exclusive, area was increased and extreme high-rise apartments emerged. High rising and density were the mainstream of the construction concepts. During this period, the growth of multi-family housing marked low. The reason was that a downturn in economy led private companies to shrink their constructions.

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A Study on the Expansion of Secondary Battery Manufacturing Technology through the Scale of V4 and Energy Platform (V4와 에너지 플랫폼 규모화를 통한 2차 전지 제조 기술 확대 방안)

  • Seo, Dae-Sung
    • Journal of Industrial Convergence
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    • v.20 no.10
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    • pp.87-94
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    • 2022
  • This paper seeks to raise inflection points of battery manufacturing bases in Korea in the V4 region through the reorganization of new industrial technologies in accordance with ESG. As a result, the global supply chain market is cut off. The Russian-Ukraine war and the U.S.-China hegemony are competing in the economic crisis caused by COVID-19. It is showing diversification of new suppliers in an environment where mineral, grain procurement, gas, and even wheat imports from China and Russia are not possible. As a protective glocal, this area is used as a buffer zone(Pro-Russia, Hungary). to an isolated zone(anti-Russia, Poland) by war. In this paper, economic growth is expected to slow further due to the EU tapering period and high inflation in world countries. Due to these changes, the conversion of new tech industry and the contraction of Germany's structure due to energy supply may lose the driving force for economic growth over the past 20 years. This is caused by market disconnection(chasm) in the nominal indicators in this area. On the other hand, Korea should actively develop into the V4 area as an energy generation export (nuclear and electric hydrogen generation) area as a bypass development supply area due to the imbalance in the supply chain of rare earth materials that combines AI. By linking this industry, the energy platform can be scaled up and reliable supply technology (next generation BT, recycling technology) in diversification can be formed in countries around the world. This paper proves that in order to overcome the market chasm caused by the industries connection, new energy development and platform size can be achieved and reliable supply technology (next-generation battery and recycling technology, Low-cost LFP) can be diversified in each country.