• Title/Summary/Keyword: Total annual cost

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Practical Design of an Artificial Light-Used Plant Factory for Common Ice Plant (Mesembryanthemum crystallinum L.) (인공광 이용형 Common Ice Plant 식물공장의 실용적 설계)

  • Cha, Mi-Kyung;Kim, Ju-Sung;Shin, Jong Hwa;Son, Jung Eek;Cho, Young Yeol
    • Journal of Bio-Environment Control
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    • v.23 no.4
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    • pp.371-375
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    • 2014
  • This study was carried out to get the basic data to practically design an artificial light-used plant factory system for common ice plant (Mesembryanthemum crystallinum L.) cultivation. The adequate range of light intensity was $120-200{\mu}mol{\cdot}m^{-2}{\cdot}s^{-1}$ and the carbon fixed rates was $0.84nmolCO_2{\cdot}cm^{-2}{\cdot}s^{-1}$. When the planting density, light intensity, and yield were $0.0225m^2$ ($15{\times}15cm$), $200{\mu}mol{\cdot}m^{-2}{\cdot}s^{-1}$, and 1,000 plants per day, the total number of the plants, cultivated area, and total light intensities were estimated as 25,000 plants, $563m^2$, and $140,625{\mu}mol{\cdot}s^{-1}$, respectively. About 153.2kW with 2,785 fluorescent lights (FL) needed for the electric power and the electricity charges was 2.46 million won for one month. At a harvest rate of 1,000 plants per day in closed-type plant factory, the light installation cost, total installation cost, and total production cost were 27.85, 83.56, and 100.27 million won, respectively. The production cost per plant including labor cost was calculated as 370 won, providing that the cultivation period was 25 days and marketable ratio was 80%. Considering the annual total expenses, incomes, and depreciation cost, the sales cost per plant could be estimated around 970 won or higher.

Effects of Technology and Innovation Management and Total Factor Productivity on the Economic Growth of China

  • LEE, Jung Wan;XUAN, Ye
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.2
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    • pp.63-73
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    • 2019
  • The paper aims to investigate relationships between technology and innovation management, total factor productivity and economic growth in China. By comparing the trends in total factor productivity growth of industrialized economies (i.e. OECD), this study intends to showcase the importance of total factor productivity progress in the Chinese economy. The study employs time series data of an annual basis for the period from 1977 to 2016 retrieved from the World Development Indicator. The study employs unit root test, cointegration test, fully modified least squares estimation method, canonical cointegrating regression and dynamic least squares estimation method to test the hypotheses. The results of the cointegrating regression analysis show that manufacturing growth leads to an increase of total factor productivity in the short-run in China. The findings of the study suggest that manufacturing (i.e. technology and product innovation) is positively related to the increase of total factor productivity in the short-run and total output growth in the long-run. The findings suggest that promoting technology and innovation management and supporting R&D subsidies may reduce the marginal cost of conducting R&D and increase the rate of technology and innovation management and R&D activity and therefore, the total factor productivity growth rate.

Application of the Worksheet for Economics Evaluation of Lighting Systems (조명시스템의 경제성 평가를 위한 Worksheet 적용)

  • Sim, Sang-Man;Kim, Hoon
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.14 no.1
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    • pp.7-13
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    • 2000
  • It is important to decide the best beneficial lighting system in the space when we design the lighting at first stage. A Worksheet to simplify the evaluation of the economics of the lighting system was developed. And it was applied to a general office room for each lamp and ballast combinations, and to a factory room with a high ceiling for each HID lamp systems. When we design the lighting system using the Worksheet, we can easily evaluate the economics through converting the total cost invested on the lighting system to the present value or the annual cost.

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Optimal heat exchanger network synthesis through heuristics and system separation method (경험법칙과 계의 분리법을 통한 최적 열교환망 합성)

  • Lee, Hae-Pyeong;Ryu, Gyeong-Ok
    • Journal of Institute of Control, Robotics and Systems
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    • v.1 no.2
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    • pp.119-126
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    • 1995
  • The purpose of this study is to develop the technique of energy recovery and energy saving by using the optimization of heat exchanger network synthesis. This article proposes a new method of determining the optimal target of a heat exchanger network synthesis problem of which data feature multiple pinch points. The system separation method we suggest here is to subdivide the original system into independent subsystems with one pinch point. The optimal cost target was evaluated and the original pinch rules at each subsystem were employed. The software developed in this study was applied to the Alko prosess, which is an alcohol production process, for the synthesis of heat exchanger network. It was possible to save about 15% of the total annual cost.

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A Study on the River Water Quality Management Model using Genetic Algorithm (유전알고리즘을 이용한 하천수질관리모형에 관한 연구)

  • Cho, Jae-Heon;Sung, Ki-Seok
    • Journal of Korean Society of Water and Wastewater
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    • v.18 no.4
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    • pp.453-460
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    • 2004
  • The objective of this research is to develop the water quality management model to achieve the water quality goal and the minimization of the waste load abatement cost. Most of existing water quality management model can calculate BOD and DO. In addition to those variables, N and P are included in the management model of this study. With a genetic algorithm, calculation results from the mathematical water quality model can be used directly in this management model. Developed management model using genetic algorithm was applicated for the Youngsan River basin. To verify the management model, water quality and pollution source of the Youngsan River had been investigated. Treatment types and optimum treatment costs of the existing and planned WWTPs in the baisn were calculated from the model. The results of genetic algorithm indicate that Kwangju and Naju WWTP have to do the advanced treatment to achieve the water quality goal about BOD, DO and TP. Total annual treatment cost including the upgrade cost of existing WWTPs in the Youngsan River basin was about 50.3 billion Won.

Housing Costs of Young College Graduate Renters in Capital Region Reflected in the 2012 Korea Housing Survey

  • Lee, Hyun-Jeong
    • International Journal of Human Ecology
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    • v.15 no.2
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    • pp.93-104
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    • 2014
  • This study examined housing costs and housing affordability of young college graduate renters in the Capital Region of Korea using microdata of the 2012 Korea Housing Survey (KHS). A licensed microdata set of 2012 KHS was obtained on September 29, 2012 from the official KHS Website and analyzed statistically. I selected 93,795 young college graduate renters between 20 and 29 years of age in the Capital Region and compared their housing costs across income levels and tenure type. Major findings were as follows: (1) Jeon-se deposit was on average 3.1 times the annual household income and monthly renters' deposit was 7.1 times the monthly household income; (2) households in higher income groups tended to pay a larger deposit and/or monthly rent; however, households with a lower income were found to pay a greater proportion of income to housing costs than households with a relatively higher income; (3) a total of 64% of all young college graduate renters had housing cost burdens to pay 30% or more of their income for housing, and more than 78% of the low-income households were found burdened; and (4) after housing cost payments, low-income households had less than one million KRW left to spend on other needs and savings; in addition, some low-to mid-income households had zero or even minus income left after housing cost payments.

A Study on Life Cycle Cost Analysis of Thermal Bridge Barrier Between Window Frame and Concrete Wall (건축물의 창틀과 벽체 사이 열교방지공법의 LCC 분석)

  • Park, Cheol-Yong;Kim, Woong-Hoi;Lee, Sang-Hee;Nam, Seung-Young;Yoon, Gil-Ho
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.05a
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    • pp.59-60
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    • 2019
  • Thermal bridge on a building envelope causes additional heat loss which increases the heating energy consumption. As the higher building insulation performance is required, heat loss through thermal bridge becomes higher proportion among total building heating energy consumption. For the exterior insulation and finish system, thermal bridge between window frame and concrete wall should be constidered as one of main reasons of heat loss. In this study, the thermal bridge barrier between window frame and concrete wall(STAR) was proposed as the best practice for reducing thermal bridge. The STAR was confirmed that the use of thermal bridge barrier imporved the annual heat energy capacity by 35% or more and the innitial construction cost by 7.4% or less because of additional interior insulation against condensation. Finally the life cycle cost during 20 year by heating energy of a building reduced by 25% or more compared with the exist technology. This STAR thermal bridge barrier will be used as the main technology to improve the energy efficiency of building.

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Current Status of MRI Distribution, Prevailing Charges and Analysis of Its Performance (MRI 분포와 관행수가 현황 및 촬영실적 분석)

  • 문옥륜;장원기;이상이;김철웅;최경혜
    • Health Policy and Management
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    • v.8 no.1
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    • pp.155-182
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    • 1998
  • There exists a remarkable differences in use of MRI scanning among income classes. The poor can hardly utilize it. This is because, among high cost technnologies, MRI is the only equipment not covered under health insurance benefits in Korea. This study was designed 1) to reveal the status of nation-wide MRI installation, customary charges and per unit annual scanning performance, and 2) to analyse factors influencing the above variables. The data for this study came from "MRI Prevalence Survey" conducted by the National Federation of Medcial Insurance(NFMI) in 1997, and were analyzed through SAS packages for T-test, analysis of variance and stepwise multiple regression. Data were collected from 188 hospitals equipped with MRI scanners. Major findings are summarized as follows : The number of MRI scanners has increased from 69 in 994 to 158 in 1996(2.3 times) while per unit annual scanning performance has risen by 11.2% from 2,173 cases in 1994 to 2,417 cases in 1996. Such a rapid increase was made possible mainly due to the inclusion of CT scanning under the health insurance benefit package. The customary charges for MRI scanning with or without contrast media, on average, amounted to 484,000 Won and 402,000 Won, respectively, with the percentile increase of 17.8% and 8.1% each during the same time. Korea ranks the third worldwidely in terms of number of MRI installations, 4.8 scanners per one million persons, only next to Japan and United States. Geographical variation of MRI, however, was rather high, 7.91 unit, in Cheju area compared to 1.82 in Kyongnam area. Variations of customary charges of MRI scanning can be explained as much as by 44.8% by both the total amount of claims to NFMI and geographical variable. The charges were more likely to be higher in metropolitan areas like Seoul and in hospitals with a bigger amount of claims. While those of per unit annual scanning performance can be explained as much as by 30.7% by both MRI installation cost and level of MRI-installed organizations. Per capital scannig performance was higher in tertiary hospitals and hospitals equipped with more expensive scanners than hospitals with less expensive scanners. Two measures are called for the remedying the existing excessive abundance in MRI units in korea : One is to set a ceiling of MRI units in an area like a province or a metropolitan district. The other is to establish a committee on introduction of high cost technologies for reviewing its effective use.ctive use.

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Calculation of optimal design flood using cost-benefit analysis with uncertainty (불확실성이 고려된 비용-편익분석 기법을 도입한 최적설계홍수량 산정)

  • Kim, Sang Ug;Choi, Kwang Bae
    • Journal of Korea Water Resources Association
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    • v.55 no.6
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    • pp.405-419
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    • 2022
  • Flood frequency analysis commonly used to design the hydraulic structures to minimize flood damage includes uncertainty. Therefore, the most appropriate design flood within a uncertainty should be selected in the final stage of a hydraulic structure, but related studies were rarely carried out. The total expected cost function introduced into the flood frequency analysis is a new approach for determining the optimal design flood. This procedure has been used as UNCODE (UNcertainty COmpliant DEsign), but the application has not yet been introduced in South Korea. This study introduced the mathematical procedure of UNCODE and calculated the optimal design flood using the annual maximum inflow of hydroelectric dams located in the Bukhan River system and results were compared with that of the existing flood frequency. The parameter uncertainty was considered in the total expected cost function using the Gumbel and the GEV distribution, and the Metropolis-Hastings algorithm was used to sample the parameters. In this study, cost function and damage function were assumed to be a first-order linear function. It was found that the medians of the optimal design flood for 4 Hydroelectric dams, 2 probability distributions, and 2 return periods were calculated to be somewhat larger than the design flood by the existing flood frequency analysis. In the future, it is needed to develop the practical approximated procedure to UNCODE.

A study on the scheduling of multiple products production through a single facility (단일시설에 의한 다품종소량생산의 생산계획에 관한 연구)

  • Kwak, Soo-Il;Lee, Kwang-Soo;Won, Young-Jong
    • Journal of the Korean Operations Research and Management Science Society
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    • v.1 no.1
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    • pp.151-170
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    • 1976
  • There are many cases of production processes which intermittently produce several different kinds of products for stock through one set of physical facility. In this case, an important question is what size of production run should be prduced once we do set-up for a product in order to minimize the total cost, that is, the sum of the set-up, carrying, and stock-out costs. This problem is used to be called scheduling of multiple products through a single facility in the production management field. Despite the very common occurrence of this type of production process, no one has yet devised a method for determining the optimal production schedule. The purpose of this study is to develop quantitative analytical models which can be used practically and give us rational production schedules. The study is to show improved models with application to a can-manufacturing plant. In this thesis the economic production quantity (EPQ) model was used as a basic model to develop quantitative analytical models for this scheduling problem and two cases, one with stock-out cost, the other without stock-out cost, were taken into consideration. The first analytical model was developed for the scheduling of products through a single facility. In this model we calculate No, the optimal number of production runs per year, minimizing the total annual cost above all. Next we calculate No$_{i}$ is significantly different from No, some manipulation of the schedule can be made by trial and error in order to try to fit the product into the basic (No schedule either more or less frequently as dictated by) No$_{i}$, But this trial and error schedule is thought of inefficient. The second analytical model was developed by reinterpretation by reinterpretation of the calculating process of the economic production quantity model. In this model we obtained two relationships, one of which is the relationship between optimal number of set-ups for the ith item and optimal total number of set-ups, the other is the relationship between optimal average inventory investment for the ith item and optimal total average inventory investment. From these relationships we can determine how much average inventory investment per year would be required if a rational policy based on m No set-ups per year for m products were followed and, alternatively, how many set-ups per year would be required if a rational policy were followed which required an established total average inventory inventory investment. We also learned the relationship between the number of set-ups and the average inventory investment takes the form of a hyperbola. But, there is no reason to say that the first analytical model is superior to the second analytical model. It can be said that the first model is useful for a basic production schedule. On the other hand, the second model is efficient to get an improved production schedule, in a sense of reducing the total cost. Another merit of the second model is that, unlike the first model where we have to know all the inventory costs for each product, we can obtain an improved production schedule with unknown inventory costs. The application of these quantitative analytical models to PoHang can-manufacturing plants shows this point.int.

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