• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.26 no.2
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• pp.18-26
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• 2012

Though electricity consumption amount in industry has been increased gradually, corresponding power supply show symptoms of marginal point. Importance of demand-side management from large-industries has also been raised. This paper deals with induction motor, which is one of representative examples of heavy electricity consumption utilities, to analyze potential technical capability, economic feasibility from consumers' viewpoint and demand-side management feasibility from nation-wide perspective. Nation-wide economic feasibility analysis was done through California test, which has been used as demand-side management evaluation model. This paper also describes limitation of existing high efficiency induction motor in terms of contribution to demand-side management and utilizes premium motor to calculate demand-side management contribution level and economic feasibility evaluation. Likewise, this paper emphasizes the efficiency improvement of induction motor and analyzes how much premium motor related technologies can contribute to demand-side management.

• Journal of Electrical Engineering and Technology
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• v.11 no.1
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• pp.38-46
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• 2016

This study analyzes the economic efficiency of the virtual power plant (VPP) model that aims to integrate a number of emergency generators installed at the consumer end and operate them as a single power plant. Several factors such as the demand response benefits from VPP operation and costs incurred for converting emergency generators into VPP are considered to assess the economic efficiency of the proposed VPP model. Scenarios for yearly VPP conversion are prepared based on the installed capacities of the emergency generators distributed in South Korea, while the costs and benefits are calculated from the viewpoints of participants and power companies in accordance with California Test Methods. Furthermore, a sensitivity analysis is conducted on the cost factors among those affecting the economic efficiency of VPP business because these two factors have a great impact on benefits.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.21 no.7
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• pp.117-123
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• 2007

This paper is about the economic analysis of the replacement of electric facilities in the production facilities. As the interest of energy is increasing, the efficiency of facilities become more important. So, in this paper, we diagnosed facilities, especially electric motors, in the plant and calculated the operating efficiency, power loss with the load factor. And when we replace these facilities into high-efficiency motors, we also calculated new energy efficiency, energy loss and economic analysis through capital recovery factor. As a result, we economically proved that using high-efficiency motor is more beneficial than using non-high-efficiency motors in the model process.

• Journal of the Korean Geosynthetics Society
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• v.1 no.1
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• pp.53-61
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• 2002

Even though a lot of laboratory and field tests for asphalt pavements using geosynthetics have been conducted recently, any rational and systematic analysis for the economic efficiency of the asphalt pavement systems reinforced by using geosynthetics has not been proposed yet. In this study, the economic analysis considering the traffic characteristics for the glass fiber sheet reinforced asphalt pavement was performed using the Life Cycle Cost Analysis(LCCA) which is commonly used for the economic analysis technique. The economic efficiency for the glass fiber sheet reinforcement and the traffic characteristics was examined by applying the test results from the literature review to the economic analysis model.

• Journal of Korea Water Resources Association
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• v.51 no.12
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• pp.1229-1235
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• 2018

We have examined dynamic relationships among water-efficiency, economic growth, electricity generation, and $CO_2$ emissions in Korea using various time-series analysis methods for 1990-2014. While previous studies have been limited to economic growth, $CO_2$ emissions, and electricity generation, this study contributed to explain the relationship between existing variables and water-efficiency. We find that the four variables reach a balanced state in the long run through short-term adjustment, $CO_2$ emissions and economic growth are responsible for water efficiency, and that $CO_2$ emissions, economic growth and water efficiency are the causes of electricity generation. The long-term impact coefficient estimates on water-efficiency show that the increase in electricity generation and the decrease in $CO_2$ emissions increase water-efficiency. Although economic growth has increased water-efficiency, moreover, we have identified an inverted U-shaped relationship between economic growth and water-efficiency, which suggests that economic growth above a certain level reduces the rate of increase in water-efficiency.

• Journal of Fisheries and Marine Sciences Education
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• v.28 no.6
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• pp.1724-1738
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• 2016

This paper was researched on economic feasibility and sensibility of operation to offshore cage culture for cod. Offshore cage culture for cod needs to invest high budget what to construction and operation. And it was required variety methods about analysis of economic feasibility. Therefore, these were studied NPV, B/C and sensitivity for each by assuming a six scenarios considering the product performance according to the size of cod and culturing methods of fingerlings, etc. As a results, even though economy, if efficiency is low, it is a priority need the technical development to promote the feed efficiency to increase economic feasibility and should make efforts to enhance the business economy to strengthen the price competitiveness pricing with high quality products through quality control and brand recognition of cod. It expects to be used as a reference for related research in the future by deriving policy implications based on the method of analysis of the economic feasibility on offshore cage culture for cod.

• The Journal of Industrial Distribution & Business
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• v.8 no.5
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• pp.43-52
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• 2017

Purpose - The domestic liquor market is steadily increasing, but locally made liquor markets remain stagnant. The market opening due to the FTA and westernized eating habits are expanding the consumption of imported liquor by Koreans and the demand for beer and soju is still high. Therefore, we analyzed the scale efficiency of Korean locally made liquor companies. Research design, data, and methodology - Based on a translog-cost function, a scale efficiency analysis was conducted using the government's information survey on the liquor industry. Data from 541 liquor companies analyzed from 2013 to 2014 were used for analysis. Results - As a result of the scale efficiency analysis, the average sales of the mid-sized locally made liquor companies is 171 million won, but the appropriate sales amount is 1 million won. It is estimated that there is a need to increase sales. Conclusions - The gap between the actual sales and the appropriate sales of mid-sized locally made liquor companies with 3~10 employees is larger, so it is necessary to reduce the average cost by increasing the sales of locally made liquor companies. In order to do so, it is necessary to acquire customer strategies such as product differentiation, advertising and publicity.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.57 no.11
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• pp.1938-1945
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• 2008

Due to rapid economic growth, the usage of residential cooling electrical appliances such as air conditioners and refrigerators has increased dramatically for the last decades. In other to reduce its energy consumption, the authorities have applied energy efficiency standards for principal appliances, including refrigerator. This paper estimates the distribution of refrigerators using the Bass Diffusion Model and then performs economic analysis corresponding to enhancement of energy efficiency more correctly than existing methods.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.706-707
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• 2015

Our country is aiming at 30% reductions in building energy consumption accounting for 39% of the total energy consumption by 2020[1]. For this purpose, the government is developing and applying the Building Energy Management System (hereinafter, referred to as "BEMS", Smart plug, etc.) while the researches on new renewable energy development. BEMS, which is applied with focus on large buildings, is inducing energy management of the entire building through energy measurement and data management, but considering its economic efficiency, it's very difficult to apply BEMS to small & medium-size buildings. Hereupon, this study intends to implement the case analysis of deterioration and economic efficiency of major equipment in buildings on the basis of electricity consumption which has been measured targeting small & medium-size buildings for a certain period by taking into account that equipment deterioration is a contributor to the increase in energy consumption.

• Journal of Korea Trade
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• v.26 no.4
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• pp.83-97
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• 2022

Purpose - In this paper, we, taking South Korea's foreign direct investment in RCEP partners as an example, will examine its investment efficiency in these countries and analyze the main influencing factors, making suggestions for further liberalizing and facilitating its investment in and even for promoting its trade and economic cooperation with them. Design/methodology - In this study, we look at the panel data of South Korea and the other 13 RCEP countries (Brunei excluded) from 2000 to 2019 and apply the stochastic frontier analysis to measure its foreign direct investment efficiency and explore the influencing factors in RCEP countries. We examine the investment potential of South Korea in these places. Findings - We find that South Korea's average investment efficiency in RCEP countries reached 0.62, indicating large investment potential. We also find that its investment efficiency in RCEP partners was heterogeneous. Our study reveals that South Korea's foreign direct investment is significantly positively correlated with the market size and population of the two countries, as well as with whether the host country has a coastline and rich natural resources, while negatively with geographic distance. It shows that free trade agreements, economic freedom, and regulatory quality play significant roles in improving investment efficiency. Originality/value - Through theoretical and empirical analysis, we deal with the efficiency and influencing factors of South Korea's direct investment in RCEP partners, proposing new drivers for facilitating its trade and investment in these countries and comprehensively evaluating the efficiency and revealing the trend of its FDI in these countries. In this paper, we put forward a solid theoretical basis for empirical analysis of the future economic and trade development between South Korea and its RCEP partners and give objective insights for further improving its foreign direct investment efficiency and tapping its investment potential.