• Korean Chemical Engineering Research
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• v.47 no.1
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• pp.127-132
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• 2009

This report examines the economic feasibility of a commercial 50,000 barrel per day direct coal liquefaction(DCL) facility to produce commercial-grade diesel and naphtha liquids from medium-sulfur bituminous coal. The scope of the study includes capital and operating cost estimates, sensitivity analysis and a comparative financial analysis. Based on plant capacity of 50,000BPD, employing Illinois #6 bituminous coal as feed coal the total capital cost appeared $3,994,858,000. Also, the internal rate of return of DCL appeared 6.60% on the base condition. In this case, coal price and sale price of products were the most influence factors. And DCL's payback period demanded a long time(12.3 years), because of high coal price at the present time. According to sensitivity analyses, the important factors on DCL processes were product sale price, feed coal price and the capital cost in order.

• Journal of The Korean Digital Architecture Interior Association
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• v.11 no.2
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• pp.71-81
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• 2011

This research explores about the construction process and provision of Japanese Wooden Houses. Even though Prefabricated Houses appeared during the 1960's and the Platform Construction System during the 1970's, there was still a high demand for Conventional Wooden House, with a high demand by households on their 30's. These features were found in the areas of Hokkaido, Kyushu, Tokyo, and Osaka. Tokyo and capital region accommodate large number of the head offices of companies that produce Platform Construction System houses, and thus supply the largest amount of Platform Construction System houses. In capital region, land prices are so high, that they build houses as 3-Floors or above, and also driven by high cost of house construction, house performances are excellent. The houses of Osaka and Kinki region demonstrate similar characteristics to those of capital region. Osaka is headquartered by a group of head offices of companies that produce prefabricated houses, and thus holds more amount of prefabricated house supply than other regions. This city also shows high cost of house construction no less than capital region, and thus offers outstanding performance of house. In Kyushu, whereas Japanese wooden house building systems are supplied the most, Platform Construction System houses are provided the least in the nation. As this region offers rich amount of forest resources owing to mild humid climate which is ideal for vegetations, the Japanese wooden building systems use the timbers from this region. Hokkaido, a cold region, requires houses that offer outstanding performance of heat insulation. Therefore, Hokkaido shows more supplies of Platform Construction System houses that offers outstanding heat insulation performance. They import the timbers that form the structure framework of Platform Construction System houses from North America.

• Proceedings of the SAREK Conference
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• 2009.06a
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• pp.325-331
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• 2009

In this paper, a simulation approach for the optimum design of cogeneration system is described. For the purpose of the systematic analysis, a simulation tool is developed with which the prediction of the energy load, calculation of operation data according to prime mover or capacity of it, and estimation of economic gains can be carried out. As for the criterion of the optimum design, the economic gains by adopting cogeneration system is taken. Based on the capital, operation, and maintenance costs etc, LCC analysis is to be carried out for the scenarios respectively. In this study, the simulation for the apartment complex is performed and the analysis of the results are described in detail. The effects of the operation parameters such as capital cost, fuel cost, and unit cost for the purchase or sale of heat and electricity on overall economy are also be considered by sensitivity study.

• Journal of Korean Society of Forest Science
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• v.95 no.3
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• pp.268-273
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• 2006

This study analyzed the technological change of Korean sawmill industry affected by change of factor price. An aggregate cost function has been estimated to analyze the technological change in Korean sawmill industry between 1970 and 2003 to the technical bias and scale effect. There was substitution among labour, capital, and material, especially in more elastic relation between labour and capital. In addition, domestic sawmill industry was progressed into structure which is biased to labour saving, and capital and material using because of increase of labour price. Since Korean sawmill industry's technology still exhibits an increasing returns to the scale, the large amount of investment has contributed to productivity growth, and the future productivity growth continually depend on the scale effect for some time.

• Journal of Biosystems Engineering
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• v.12 no.1
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• pp.31-38
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• 1987

In order to improve the traditional post harvest system in Korea, a model for mechanized rice drying and storage system was developed and introduced as the first part of the study(Park, 1986). As the second part of the study, capital requirement and cost of the model system was analyzed. Also, optimum size of the model system was estimated by comparing with the traditional harvest system. From the study, the following results can be concluded: 1. The capital requirement of the model system decreases as the model size increases. For example, a model system having 500 ton storage capacity requires 439,000 Won/ton. However it requires 313,200 Won/ton only, if the model size increases to 1000 ton. 2. Also, total cost of the model system decreases as the model size increases. For example, total costs of the model system having 500 ton and 1000 ton storage capacity are 101,208 Won/ton and 69,320 Won/ton, respectively. 3. The breakeven point (optimum size) of the model can be estimated around 630 ton storage capacity if the operation rate is assumed as 100%. However, the optimum size of the model is 710 ton, if the operation rate it assumed 80%.

• Asia-Pacific Journal of Business
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• v.9 no.4
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• pp.29-47
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• 2018

This paper examines the relationship between diversification and financial performance of community credit unions in Korea from 2011 to 2017. To do so, I employ fixed-effects panel analyses using credit union level panel data collected from the National Credit Union Federation of Korea. This study finds evidence that business diversification is likely to lower the ratio of troubled loans, which means improving asset quality of credit unions. However, the relationship between diversification and asset quality is not linear but nonlinear, which means over-diversification would have negative effects on asset quality. Next, diversification tends to increase profitability. Specifically, although diversification results in a rise in expenditures, an increase in profits made by diversification outweighs the rise in expenditures, which contributes to profitability. Put together, diversification would be a good business strategy to improve both profitability and asset quality. Given a result that fast loan growth deteriorates asset quality, credit unions' managers might adopt the diversification strategy to enhance asset quality, and not to pursue their own objectives motivated by moral hazards.

• Journal of the Korean Society of Industry Convergence
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• v.25 no.6_2
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• pp.1017-1027
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• 2022

Development of social overhead capital (SOC) requires huge national finance, and performance issues such as cost-efficiency, safety, and environment have been constantly raised. However, currently each construction client has limited access to its own projects' performance without analytic methodology for industry-level comparisons and benchmarking for improvement. To overcome this problem, this study proposes a comprehensive performance analysis framework for post-evaluation of large-scale construction projects. To this end, this study performed a case study of advanced countries (the U.S., the U.K. and Japan) and consultation with related experts to develop a tailored performance analysis framework for the Post- Construction Evaluation and Management system in Korea. The developed framework covers three categories (project performance, project efficiency, and ripple effect), nine areas (cost, schedule, change, safety, quality, demand, benefit-cost ratio, civil complaint, and defect), and 31 detailed metrics. Using industry-level project performance database and statistical techniques, the proposed framework can be used not only to diagnose excellent and unsatisfactory performance areas for completed construction projects, but also to provide reference data for future similar projects. This study can contribute to the improvement of clients' performance management practices and effectiveness of construction projects.

• Membrane and Water Treatment
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• v.11 no.5
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• pp.363-374
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• 2020

Membrane distillation (MD) is a process used for water desalination. However, its commercialization is still hindered by its increased specific cost of production. In this work, several process configurations comprising Direct Contact and Permeate Gap distillation membrane units (PGMD/DCMD) were investigated to maximize the production rate and consequently reduce the specific water cost. The analysis was based on a cost model and an experimentally validated MD model. It was revealed that the best achievable water cost was approximately 5.1 $/㎥ with a production rate of 8000 ㎥/y. This cost can be further decreased to approximately 2 $/㎥ only if the heating and cooling energies are free of cost. Therefore, it is necessary to decrease the MD capital investment to produce pure water at economical prices.

• Transactions of the Korean hydrogen and new energy society
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• v.21 no.1
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• pp.64-71
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• 2010

This paper deals with an economic evaluation of domestic immersing type photoelectrochemical hydrogen production. We also make some sensitivity analysis of hydrogen production prices by changing the values of input factors such as the initial capital cost, the solar to hydrogen conversion efficiency, and the system duration time. The hydrogen production price of the immersing type photoelectrochemical system was estimated as 8,264,324 won/$kgH_2$. It is expected that the production cost by photoelectrochemical hydrogen production can be reduced to 26,961 won/$kgH_2$ if the solar to hydrogen conversion efficiency is increased to 14%, the system duration time is increased to 20,000 hours, and the initial capital cost is decreased to 10% of the current level. The photoelectrochemical hydrogen production is evaluated as uneconomical at this time, and we need to enhance the solar to hydrogen conversion efficiency and the system duration time as well as to reduce prices of the system facilities.

• Transactions of the Korean hydrogen and new energy society
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• v.21 no.6
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• pp.595-603
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• 2010

This paper deals with an economic evaluation of domestic window type photoelectrochemical hydrogen production utilizing solar cells. We make some sensitivity analysis of hydrogen production prices by changing the values of input factors such as the initial capital cost, the solar to hydrogen conversion efficiency, and the system duration time. The hydrogen production price of the window type photoelectrochemical system was estimated as 1,168,972 won/$kgH_2$. It is expected that hydrogen production cost can be reduced to 47,601 won/$kgH_2$ if the solar to hydrogen conversion efficiency is increased to 14%, the system duration time is increased to 20,000 hours, and the initial capital cost is decreased to 25% of the current level. We also evaluate the hydrogen production cost of the water electrolysis using the electricity produced by solar cells. The corresponding hydrogen production cost was estimated as 37,838 won/$kgH_2$. The photoelectrochemical hydrogen production is evaluated as uneconomical at this time, and we need to enhance the solar to hydrogen conversion efficiency and the system duration time as well as to reduce prices of the system facilities.