• The Journal of Fisheries Business Administration
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• v.13 no.1
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• pp.85-97
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• 1982

This study involves a blending of intensive and extensive shrimp culture techniques for a hypothetical shrimp farm which uses a combination of heated raceway nurseries and extensive grow-out ponds per year. The present value method of economic analysis is used to determine economic feasibility. The biological data in this reports were obtained from published or personal communications from leaders in the field of shrimp aquaculture. The proposed system showed economic feasibility using the present value method with discount rates of 10% and 12%. The most profitable scenario, the culture of three crops of Penaeus vannamei showed a 1.26 year payback period and 120% annual average rate of return. The breakeven price was ＄1.25/1b., which is ＄1.52 less than the market price of ＄2.77. Breakeven production was 724 1bs/acre, which is 8761bs. less than the assumed 1,600 1bs/acre. All other scenarios 1.2 and 3 crops for P. stylirostris and P. setiferus showed economic feasibility also.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2015.11a
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• pp.867-883
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• 2015

• Journal of the Korea Academia-Industrial cooperation Society
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• v.21 no.12
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• pp.612-618
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• 2020

In recent years, the demand for external window cleaning has increased, but the process is a very dangerous manpower-dependent operation. In addition, it is difficult to clean at the desired frequency in a business that values cleanliness. Therefore, there is a need to automate this work. This paper presents the concept of a device that can be attached to a specific window and clean the window continuously. The economic feasibility of this device was analyzed. The estimated manufacturing cost of the equipment was approximately 10 million won, but the possible investment cost was at least 9.8 million won for five years of endurance and 103 million won for 10 years of endurance. Therefore, the expected savings well exceed the equipment cost, and it was evaluated as having economic feasibility. Since this study analyzed only quantitative indicators, the expected cost reduction due to a reduction in safety accidents, productivity improvement, construction time reduction, and quality improvement was not considered. Therefore, it is expected that the calculated economic feasibility will be more accurate if the cost reduction effect by the automation equipment is calculated by adding the expected values not considered in this study.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2013.05a
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• pp.155-157
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• 2013

Ground source heat pump(GSHP) systems have been attracted as high-efficient energy-saving technology, but the building clients and designers have hesitated to use GSHP systems which is a expensive initial installation and a uncertain economic feasibility. Therefore In order to reduce the initial cost, many researchers have focused on the energy-pile system using the structure of the building as a heat exchanger. Even though many of experimental studies for energy pile system have been conducted, there was not enough data of a quantitative evaluation with the economic analysis and comprehensive analysis for energy-pile. In this study, the feasibility study for the energy pile system with a barrette pile was conducted by the performance analysis and LCC assessment.

• Journal of Wind Energy
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• v.14 no.2
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• pp.5-13
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• 2023

As offshore wind farms are developed, the importance of cooperation with stakeholders such as fishermen from the initial phase is gradually increasing. This study developed a methodology that can promote the involvement of fishermen in the site feasibility review process. The spatial scope is Gunsan City, which is establishing an initial offshore wind project strategy. A survey was conducted for representatives of 12 fishing villages on the location preference for offshore wind farms. As a result, fishermen suggested negotiable or absolute opposite locations by examining a local sea map. Location preference seems to depend on the degrees of vitalization of fisheries using vessels. This study shows that fishermen can have reasonable opinions according to the location, not unconditionally, in initial discussions on offshore wind power. Investigating stakeholders with various positions is essential, and adjustments are needed for conflicting points in the future.

• The Journal of Fisheries Business Administration
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• v.47 no.3
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• pp.35-52
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• 2016

This paper analyzed economic feasibility of aquacultural construction which of large-scale. The results of the economic analysis, cage cultural and water recycling cultural by post-water treatment were analyzed that NPV is 2,083,685 thousand won and -14,105,896 thousand won and B/C ratio is 0.590 and 0.855, respectively. These were shown economic infeasibility. But, running water culture by pre-water treatment(small scale) and running water culture by pre-water treatment(large scale) were analyzed that the one is 5,555,747 thousand won and 15,048,589 thousand won and the other is 1,154 and 1,1221, respectively. these were shown economic feasibility. In addition, measurement of B/C ratio through a sensitivity analysis on running water cultural by pre-water treatment(small scale) and running water cultural by pre-water treatment(large scale) is economic feasibility in all cases. However, these were analyzed when the selling price was falling to 20 percent, it has shown economic infeasibility and when the selling price rises to 20 percent, water recycling culture by post-water treatment has economic feasibility. The significance of the study analyzed a sensibility as well as economic feasibility by methods and scales. It is expected that used as basic materials when constructing and operating of land aquaculture in order to minimize the damage from natural disasters.

• Journal of the Korea Society of Computer and Information
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• v.20 no.11
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• pp.163-168
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• 2015

Various methods have been used to solve the problem of the evaluation of the complex decision-making. In the case of public projects, used the AHP method to evaluate the pre-feasibility of the projects. In this paper, The pre-feasibility was referring to the 'General guidelines for the pre-feasibility' of the KDI and was used the AHP to evaluate for public projects of the H-city. In order to achieve this object, the structured hierarchical model and questionnaire developed based on the evaluation guidelines of the KDI. Also, the weight of evaluation factor was calculated based on the AHP method and was obtained the evaluation results for the project implementation alternative.

• The Journal of Fisheries Business Administration
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• v.53 no.2
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• pp.1-20
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• 2022

This study is aimed to analyze fishermen's perception and the economic feasibility of inland waters ranching project on the branches of Geum River. Analysis of fishermen's perception on the branches of Geum River showed that fishermen had an affirmative response on the inland freshwater ranching project related issues such as fisheries resources enhancement, necessity of project, economic achievement as so on. The model of inland waters ranching project on the branches of Geum River is designed to fisheries resources enhancement, habitat compositiom, ecology tours, use and management of resources. The results of the economic feasibility of inland waters ranching project on the branches of Geum River were internal rate of return (IRR) was 18.43%, a benefit-cost ratio was shown to be 1.54, net present value (NPV) was 4,929 thousand won, which indicates the economic feasibility of inland waters ranching project.

• Journal of the Korean Society of Systems Engineering
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• v.15 no.2
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• pp.39-46
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• 2019

The purpose of this paper is to present the results of the study, applying Systems Engineering(SE) method, on the feasibility of developing a Melt-down Proof Modular Micro Reactor(MDP-MMR) for its future deployment in Korea. The reactor is being developed by NCSU (North Carolina State University) due to its advantage of melt-down proof nature of the reactor core. For this paper, the characteristics of the MDP-MMR has been studied in terms of fuel characteristics, inherent safety features and passive safety system. The NCSU's development process has been reviewed applying the SE method, and further research is recommended for the feasibility study on deploying such a modular micro reactor in Korea.

• The Journal of Fisheries Business Administration
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• v.43 no.3
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• pp.23-30
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• 2012

This study aimed to analyze the economic feasibility of Mackerel offshore aquaculture production performance in Jeju region, Korea. Based on the collected biological, costs and market price data, farming revenue and expenses during the farming period were evaluated, and the net present value and the internal rate of return of a 10-year cash inflow and cash outflow were estimated to determine the economic feasibility of Mackerel offshore aquaculture production system. Model results indicated that the Mackerel offshore aquaculture production performance would have high profitability under the current production and market situation. This is because of the relatively high survival rate, relatively low feed conversion ratio and good market prices. However, sensitivity analyses of main important biological and economic variables showed that the economic viability of Mackerel offshore aquaculture production system would be highly vulnerable to production and market condition changes.