• Journal of the Korean Solar Energy Society
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• v.34 no.1
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• pp.64-71
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• 2014

This study is to perform economic analysis of a PVT-GSHP (Photovoltaic Thermal-Ground Source Heat Pump) system compared to the conventional system which consists of a boiler and a chiller. This research has simulated, developed and analyzed four systems for application in a residential and an office building which was based on the hourly EPI (Energy Performance Index, $kWh/m^2yr$). Case 1 includes a boiler and a chiller to meet heating and cooling demands for a house. Case 2 is the same conventional system as Case 1 for a office. Case 3 is simple summation of Case 1 and 2. And Case 4 is utilizing a PVT-GSHP to meet the combined loads of the house and office. The economic evaluation study was based on IEA ECBCS Annex 54 subtasks C economic assessment methods. This study indicated that PVT-GSHP system can save a building's energy up to 53.9%. Also the SPB (Simple Payback) of the PVT-GSHP system with 0%, 50% initial incentive was 14.5, 6.7 year respectively.

• The Journal of Society for e-Business Studies
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• v.19 no.1
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• pp.1-14
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• 2014

This paper presents the development of a stock control system of POP system design based on RFID in SCM and its economic efficiency. A stock control system is proposed for 900MHz passive type RFID system. The RFID system is composed of a RFID reader and four antennas to read the tag IDs. A cost estimation model is adapted based on the total product profit by various tag prices. The result of the economic efficiency analysis can indicate any invested model for the automation system which have initial investment should be used. This solution indicates the limit of the break even point according to the input. And it can be concluded that the stock control can be developed by RFID readers and passive tags with directional arrangement of several antennas. Also, the economical evaluation model can be a decision method for company to adapt the new developed system.

• The Journal of the Korea Contents Association
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• v.20 no.6
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• pp.470-481
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• 2020

Cultural industry's role in national economic growth has increased gradually and drawn increasing attention due to the immense window effect on other industries. Especially, China has fully pushed forward with the development of cultural industry to sophisticate industrial structure since the 2000's. In Korea, the cultural industry has played the leading role in the national economic growth through intensive investment relatively early compared with China. Under the circumstance, this study compared the cultural industry efficiency between China and Korea to examine cultural industry's impact on economic growth and its potentials. The greatest difficulty in comparing the cultural industry efficiency between China and Korea is the development of comparable statistical data. This study chose the number of businesses and the number of employees as the input variables for efficiency analysis and the sales of cultural industry, the output variable. Also, the efficiency was comparatively analyzed through DEA-Malmquist index. Integrated DB about local governments and basic data from KOSIS were used for Korean data and the National Bureau of Statistics of China's data were used for Chinese data. The analysis period was set to 2013-2017. According to analysis, the Malmquist index for Korea was 1.048 and China, 1.041. In other words, Korea improved the efficiency by 4.8% during the analyzed period and China, 4.1%. This result can be attributed to the fact that the cultural industry in Korea was reaching maturity during this period while the cultural industry in China was entering the growth period.

• Journal of the Korean Data Analysis Society
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• v.20 no.6
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• pp.2981-2991
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• 2018

The purpose of this paper is to examine the effect of local festivals on regional economic growth through empirical analysis of festival - economic growth relation. Theoretically, the theory of creative city is at the center of the discussion as to how festivals can influence economic growth. We used the regional convergence equation and used pooled OLS, fixed effect model, and GMM estimation method to analyze the effect of festivals on regional economic growth. According to this empirical analysis, the effect of festival variables such as the number of festivals and the festival period on economic growth has not been affected. This suggests that the effects of festivals on productivity and efficiency have not existed. This implies that the creative city theory that local festivals influence regional economic growth does not work well.

• Journal of Agricultural Extension & Community Development
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• v.9 no.2
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• pp.263-277
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• 2002

The objective of this study was to compare the farm efficiency of members of cooperative firms with that of non-members in Korea. Data were collected from 27 farms members of three cooperatives and 13 non-member farms, based on the managerial achievements of 1999. For the analysis, the data were divided into three different farming types: type I and II of member farms and non-member farms. Economic analysis were implemented using DEA(Data Envelopment Analysis). Major findings was as follows. Total average technology efficiency was 0.782, which implies that there still remains 21.8% of improvement possibility. Among the three types, type I showed the highest technology efficiency of 0.9055, while type II and non-member farms showed 0.7670 and 0.7171, respectively. This means that these farms have relatively high potential improved. Also, comparing technology efficiency by dividing into pure technology and scale efficiency, all type of the farms exhibit a higher pure technology efficiency compared to scale efficiency. Therefore, to improve current technology efficiency, farms need to focus more on pure technology efficiency improvement. Meanwhile, profit analysis based on farm size indicate that most of the farms demonstrated the increasing-return-to-scale, which means it is necessary to extend the farm size to improve technical efficiency. Type I member farms achieve higher profit and efficiency than other two types and relatively higher producer prices through introducing cooperative sorting, grading and packing. Also, these labor saving technologies increased farm size.

• Journal of Korean Tunnelling and Underground Space Association
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• v.20 no.1
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• pp.119-130
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• 2018

The VE/LCC study on the existing multi-utility tunnel examined the economical feasibility of the collective area through the cost-benefit analysis of the ten major routes of Seoul for the benefit (7 items) and the cost (5 items) through quantitative methods. In this paper, we analyzed the economic efficiency of 61 sectors by adding 3 items (reduced traffic accident, reduced vehicle noise, social-economic loss). The reduced traffic accident item is an improvement of the traffic accident cost that can be saved by the implementation of the project, and the reduced vehicle noise item is an indicator of the amount of noise change caused by the implement of the business. Finally, the social-economic loss items represent the impact on the local economy due to the construction of the multi-utility tunnel. The amounts of the additional items were compared and items added in the open type and tunnel type multi-utility tunnel were analyzed for each analysis. Result on the analysis, it analyzed the items applied to the basic and detail models in the economic evaluation of the multi-utility tunnel design, and makes it possible to evaluate the economic efficiency more efficiently. The economic evaluation of the basic and detailed models including the items presented in this study will be often used in the design of the multi-utility tunnel design.

• Journal of Fisheries and Marine Sciences Education
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• v.27 no.6
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• pp.1812-1821
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• 2015

In this study, we evaluate the eco-efficiency for recycling processes of Busan Resources Recycling Center for each year from 2010-2012. It analyze the impact of global warming on the power consumption by Life Cycle Assessment. Also calculate the economic value by net profit components those are sales amount and electric charge in accordance with the process operation. On the basis of these results, each of the eco-efficiency Factor analysis and dynamics analysis of 2011 and 2012 as the base year to 2010 are performed. As a result, the impact of global warming in all the recycling processes is increased by increasing power consumption 2010-2012. But net profit is decreased. In addition, the eco-efficiency of all the recycling processes is decreased and analysis result of the eco-efficiency trends is located on the Fully non Eco-efficiency (--) level. Therefore, all the recycling processes are necessary improvement for power consumption reducing and net profit increasing to further the environmental and economically sustainable direction.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.24 no.8
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• pp.646-655
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• 2012

This study is intended to analyze the thermal performance and evaluate the applicability about non-duct type heat recovery ventilation system integrated with window. Eventually, economic analysis of the system is conducted according to building energy saving ratio of it. As results of the thermal performance, the U-factor of the window conducted on the basis of KS F 2278 appears to $1.8W/m^2K$, and the effective heat exchange efficiency of the ventilator conducted on the basis of KS B 6879 appears 49.95% for cooling, 66.89% for heating. In the applicability evaluated by TRNSYS 16, the caes of applying the heat recovery ventilator integrated with window is found to reduce the cooling or heating load by 2.9% or 13.5% than the non-ventilator case. The results of economic analysis taking a side of consumer is verified as the payback is 3 years, and the accumulated earning is 1,408,133 won in terms of '600,000 won/unit' for initial cost, 10 years for useful life of the system.

• Journal of Fisheries and Marine Sciences Education
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• v.28 no.6
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• pp.1781-1791
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• 2016

This study aimed to analyze the economic effectiveness on environment improvement project that has been implemented in five fishing grounds of Taean-gun which had been damaged by the Hebei Spirit oil spill accident. In the analysis, first, this study performed the survey on residents perceptions about the environment improvement project. Second, the cost-benefit analysis was carried out to evaluate the economic effectiveness of the project. The survey results of residents perceptions indicated that the damage of oil spill was considerable in the target areas. It also showed that residents wanted to continue the environment improvement project and the levels of project satisfaction were quitely high. The economic results showed that 3 areas(Woong-do, Wang-san, and Dang-mi) would have positive values of NPV and B/C ratio, but the other(Nu-dong) would have negative values. The findings of this analysis could be used as the base data for increasing operational efficiency of future environment improvement projects.

• Journal of Korea Port Economic Association
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• v.38 no.2
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• pp.123-138
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• 2022

Korea has been huge investments in its port system, annually upgrading its infrastructure to turn the ports into Asian hub port. However, while Busan port is ranked fifth globally for container throughput, Other Korean ports are ranked much lower. This article applies Data Envelopment Analysis (DEA) and Malmquist Productivity Index (MPI) to evaluate selected major Korean seaports' operational efficiency and productivity from 2010 to 2018. It further integrates Principal Component Analysis (PCA) into DEA, with the PCA-DEA combined model strengthening the basic DEA results, as the discriminatory power weakens when the variable number exceeds the number of Decision Making Units(DMU). Meanwhile, MPI is applied to measure the seaports' productivity over the years. The analyses generate efficiency and productivity rankings for Korean seaports. The results show that except for Gwangyang and Ulsan port, none of the selected seaports is currently efficient enough in their operations. The study also indicates that technological progress has led to impactful changes in the productivity of Korean seaports.