• Smart Structures and Systems
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• v.16 no.4
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• pp.743-758
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• 2015

This paper presents an advanced life cycle cost (LCC) analysis of a ground source heat pump (GSHP) system and suggests a smart operation mode with a thermal performance test (TPT) and an energy pile system constructed on the site of the Incheon International Airport (IIA). First, an economic analysis of the GSHP system was conducted for the second passenger terminal of the IIA considering actual influencing factors such as government support and the residual value of the equipment. The analysis results showed that the economic efficiency of the GSHP system could be increased owing to several influential factors. Second, a multiple regression analysis was conducted using different independent variables in order to analyze the influence indices with regard to the LCC results. Every independent index, in this case the initial construction cost, lifespan of the equipment, discount rate and the amount of price inflation can affect the LCC results. Third, a GSHP system using an energy pile was installed on the site of the construction laboratory institute of the IIA. TPTs of W-shape and spiral-coil-type GHEs were conducted in continuous and intermittent operation modes, respectively, prior to system operation of the energy pile. A cooling GSHP system in the energy pile was operated in both the continuous and intermittent modes, and the LCC was calculated. Furthermore, the smart operation mode and LCC were analyzed considering the application of a thermal storage tank.

• Structural Engineering and Mechanics
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• v.76 no.5
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• pp.561-578
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• 2020

The present work addresses the surface integrity and chip morphology in finish hard turning of AISI D3 steel under nanofluid assisted minimum quantity lubrication (NFMQL) condition. The surface integrity aspects include microhardness, residual stress, white layer formation, machined surface morphology, and surface roughness. This experimental investigation aims to explore the feasibility of low-cost multilayer (TiCN/Al2O3/TiN) coated carbide tool in hard machining applications and to assess the propitious role of minimum quantity lubrication using graphene nanoparticles enriched eco-friendly radiator coolant based nano-cutting fluid for machinability improvement of hardened steel. Combined approach of central composite design (CCD) - analysis of variance (ANOVA), desirability function analysis, and response surface methodology (RSM) have been subsequently employed for experimental investigation, predictive modelling and optimization of surface roughness. With a motivational philosophy of "Go Green-Think Green-Act Green", the work also deals with economic analysis, and sustainability assessment under environmental-friendly NFMQL condition. Results showed that machining with nanofluid-MQL provided an effective cooling-lubrication strategy, safer and cleaner production, environmental friendliness and assisted to improve sustainability.

• Korean Management Science Review
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• v.19 no.2
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• pp.91-124
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• 2002

The use of network planning models and tools is essential for effective KII (Korea Information Infrastructure) planning and analysis in that it will significantly reduce the risk and uncertainty embeded in the development and the provision of future broadband services. The purpose of this study is to develop a theoretical framework and a computer tool for modeling the various aspects of the KII topology and architecture and evaluating the techno-economic feasibility of the KII implementation strategy.

• Korean Chemical Engineering Research
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• v.56 no.4
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• pp.496-523
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• 2018

The objective of this study is to evaluate the economic feasibility of two fast pyrolysis and biooil upgrading (FPBU) plants including feed drying, fast pyrolysis by fluidized-bed, biooil recovery, hydro-processing for biooil upgrading, electricity generation, and wastewater treatment. The two FPBU plants are Case 1 of an FPBU plant with steam methane reforming (SMR) for $H_2$ generation (FPBU-HG, 20% yield), and Case 2 of an FPBU with external $H_2$ supply (FPBUEH, 25% yield). The process flow diagrams (PFDs) for the two plants were constructed, and the mass and energy balances were calculated, using a commercial process simulator (ASPEN Plus). A four-level economic potential approach (4-level EP) was used for techno-economic analysis (TEA) under the assumption of sawdust 100 t//d containing 40% water, 30% equity, capital expenditure equal to the equity, $H_2$ price of $1050/ton, and hydrocarbon yield from dried sawdust equal to 20 and 25 % for Case 1 and 2, respectively. TCI (total capital investment), TPC (total production cost), ASR (annual sales revenue), and MFSP (minimum fuel selling price) of Case 1 were $22.2 million, $3.98 million/yr, $4.64 million/yr, and $1.56/l, respectively. Those of Case 2 were $16.1 million, $5.20 million/yr, $5.55 million/yr, and $1.18/l, respectively. Both ROI (return on investment) and PBP (payback period) of Case 1(FPBU-HG) and Case 2(FPBU-EH) were the almost same. If the plant capacity increases into 1,500 t/d for Case 1 and Case 2, ROI would be improved into 15%/yr.

• Journal of Electrochemical Science and Technology
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• v.13 no.1
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• pp.148-158
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• 2022

The electrochemical CO₂ reduction (ECR) to produce value-added fuels and chemicals using clean energy sources (like solar and wind) is a promising technology to neutralize the carbon cycle and reproduce the fuels. Presently, the ECR has been the most attractive route to produce carbon-building blocks that have growing global production and high market demand. The electrochemical CO₂ reduction could be extensively implemented if it produces valuable products at those costs which are financially competitive with the present market prices. Herein, the electrochemical conversion of CO₂ obtained from flue gases of a power plant to produce diesel and formic acid using a consistent techno-economic approach is presented. The first scenario analyzed the production of diesel fuel which was formed through Fischer-Tropsch processing of CO (obtained through electroreduction of CO₂) and hydrogen, while in the second scenario, direct electrochemical CO₂ reduction to formic acid was considered. As per the base case assumptions extracted from the previous outstanding research studies, both processes weren't competitive with the existing fuel prices, indicating that high electrochemical (EC) cell capital cost was the main limiting component. The diesel fuel production was predicted as the best route for the cost-effective production of fuels under conceivable optimistic case assumptions, and the formic acid was found to be costly in terms of stored energy contents and has a facile production mechanism at those costs which are financially competitive with its bulk market price. In both processes, the liquid product cost was greatly affected by the parameters affecting the EC cell capital expenses, such as cost concerning the electrode area, faradaic efficiency, and current density.

• Ocean Systems Engineering
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• v.6 no.3
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• pp.289-303
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• 2016

With more than 100 years exploration and development of offshore oil, more and more offshore oil fields will gradually lose the economic profit to operate. In this article, to take the target oil field for example, the procedure of decommissioning for FPSO, TCMS, subsea system and well abandonment have been analyzed. Meanwhile, the environment impact and mitigation measure have been proposed. The successful project experience will provide a guide line for the offshore facilities decommissioning and abandonment.

• Structural Engineering and Mechanics
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• v.72 no.4
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• pp.503-512
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• 2019

The construction of segmental precast concrete bridge is an increase due to its superior performance and economic advantages. This type of bridge is appropriate for spans within 30 to 150 m (100 to 500 ft), known as mega-projects and the design optimization would lead to considerable economic benefits. A box-girder cross section superstructure of balanced cantilever construction method is assessed here. The depth of cross section, (variable along the span linearly), bottom flange thickness, and the count of strands are considered as design variables. The optimum design is characterized by geometry, serviceability, ductility, and ultimate limit states specified by AASHTO. Genetic algorithm (GA) is applied in two fronts: as to the saving in construction cost 8% and as to concrete volume 6%. The sensitivity analysis is run by considering different parameters like span/depth ratio, relation between superstructure cost, span length and concrete compressive strength.

• Transactions of the Korean hydrogen and new energy society
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• v.31 no.4
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• pp.337-344
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• 2020

Worldwide, there is a significant surge in the efforts for addressing the issue of global warming; the use of renewable energy is one of the solutions proposed to mitigate global warming. However, severe volatility is a critical disadvantage, and thus, power-to-gas technology is considered one of best solutions for energy storage. Hydrogen is a popular candidate from the perspective of both environment and economics. Accordingly, a hydrogen production system based on renewable energy sources is developed, and the economics of the system are assessed. The result of the base case shows that the unit cost of hydrogen production would be 6,415 won/kg H₂, with a hydrogen production plant based on a 100 MW akaline electrolyzer and 25% operation rate, considering renewable energy sources with no electricity cost payment. Sensitivity study results show that the range of hydrogen unit cost efficiency can be 2,293 to 6,984 Won/kg H₂, depending on the efficiency and unit cost of the electrolyzer. In case of electrolyzer operation rate and electricity unit cost, sensitivity study results show that hydrogen unit cost is in the range 934-26,180 won/kg H₂.

• Clean Technology
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• v.23 no.4
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• pp.435-440
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• 2017

Fast pyrolysis of third generation biomass, including micro- and macroalgae for biofuel production has recently been studied and compared experimentally to first- and second-generation biomass. Compared to microalgae, however, process design and simulation study of macroalgae for scale-up has been rare in literature. In this study, we designed and simulated an industrial scale process for producing diesel range biofuel from brown algae based on bench scale experimental data of fast pyrolysis using a commercial process simulator. During process design, special attention was paid to the process design to accommodate the differences in composition of brown algae compared to terrestrial biomass. The entire process of converting 380,000 tonnes of dry brown algae per year into diesel range biofuel was economically evaluated and the minimum (diesel) selling price was also estimated through techno-economic analysis.

• Computers and Concrete
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• v.18 no.1
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• pp.53-68
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• 2016

In this study, an investigation is made from the statics and economic aspects of the possibility of using the composite material ferrocement on the surfaces of squat cylindrical grain silos. For this purpose, the geometry of two model silos, each of height 5 m and diameter 5 m and 12.5 m, was designed. Five different reinforced plates of 10 and 20 mm thickness were produced to research the most suitable ferrocement plates to be used on the surface of these silos. Most durable reinforcement type for covering the silo surface was determined by pressure and bending tests. Grade 30 and Grade 55 steel plates were also considered for use in covering steel-coated silos. In the statics analysis performed with SAP2000, the least plate thicknesses needed for silos surfaced with Grade 30 and Grade 55 steel were found to be 6.20 mm and 4.70 mm respectively for silos of diameter 5 m, and 6.70 mm and 5.00 mm for silos of diameter 12.5 m. In the economic analysis, it was found that 20 mm thick Type 4 (with a wire diameter of 0.30 mm and a mesh aperture of $2mm{\times}2mm$ square type) reinforced ferrocement surfacing material was 5.6-6.1 times more economical than Grade 30 steel surfacing material and 4.4-4.7 times more economical than using Grade 55 steel. These results show that ferrocement can be used in place of steel from the point of view both of statics and economy.