• Title/Summary/Keyword: economic efficiency analysis

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Development of Thermal Performance Analysis Program of Solar Heating System for District Heating System (지역난방 태양열시스템의 열성능 해석 프로그램 개발)

  • Baek, Nam-Choon;Shin, U-Cheul
    • Journal of the Korean Solar Energy Society
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    • v.28 no.6
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    • pp.64-69
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    • 2008
  • In this study the thermal performance and economic analysis program of solar heating system for district heating was developed. This program, named SOLAN-DHS and based on TRNSYS, consisted of four modules like as user's interface for system input/output, library, and utilities and a calculating engine. SOLAN-DHS simplifies user's input data through the database of most system engineering data including weather data of 17 areas in Korea. Five different types of solar systems which can be applicable to district heating system were presented in this program. Due to the user-friendly layout, all design parameters can be changed quickly and easily for the influence on system efficiency. The reliability of SOLAN-DHS was finally verified by the experiments.

Impact of Public Information Arrivals on Cryptocurrency Market: A Case of Twitter Posts on Ripple

  • Gunay, Samet
    • East Asian Economic Review
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    • v.23 no.2
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    • pp.149-168
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    • 2019
  • Public information arrivals and their immediate incorporation in asset price is a key component of semi-strong form of the Efficient Market Hypothesis. In this study, we explore the impact of public information arrivals on cryptocurrency market via Twitter posts. The empirical analysis was conducted through various methods including Kapetanios unit root test, Maki cointegration analysis and Markov regime switching regression analysis. Results indicate that while in bull market positive public information arrivals have a positive influence on Ripple's value; in bear market, however, even if the company releases good news, it does not divert out the Ripple from downward trend.

Evaluation of Korea`s Sustainable Development by the System Ecology(I)-EMERGY Analysis of Korea`s Natural Environment and Economic Activity- (시스템 생태학적 접근법에 의한 한국의 지속적인 발전가능성 평가(I)-한국의 자연환경과 경제활동에 대한 EMERGY 평가-)

  • 이석모;손지호;강대석
    • Journal of Environmental Science International
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    • v.9 no.6
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    • pp.449-454
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    • 2000
  • Sustainable development has been the key concept, both in economic policies and in environmental management. On the basis of an systems ecology perspective, this suggests the sustainable development of Korea\`s natural environment and economic activity using the EMERGY evaluation. The total EMERGY use(7,730E20sej/yr) in Korea is 81 percent from imported sources, fuels and goods and services. The ratio of outside investment to attracting natural resources is already large, like other industrialized countries. Continued availability of purchased inputs at a favorable balance of EMERGY trade, currently about 2.85 to 1 net EMERGY, tis the basis for present economic activity and must decrease as the net EMERGY of purchased inputs including fossil fuels goes down. EMERGY yield ratio and environmental loading ratio were 1.23 and 20.30, respectively. The population level is already in excess of carrying capacity. Its carrying capacity for steady state on its renewable sources is only 2.2 million people, compared to 45.9 million in 1977. EMERGY sustainability index is therefore less than one, which is indicative of highly developed consumer oriented economies. Until now the development of a country has been achieved by the economic growth, but it can be sustained in the long run by the use of renewable resource systems. the efficiency of energy usage, and the transformation of the social-economic structure based on an ecological-recycling concept.

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Direct Economic Effects and Optimal Vessel Reduction Scales in Coastal and Offshore Fisheries (연근해어업 어선감척 적정 목표량 산정 및 감척효과 분석)

  • SHIN, Yong-Min;KIM, Jin-Sang;LEE, Jeong-Min;NAM, Jong-Oh
    • Journal of Fisheries and Marine Sciences Education
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    • v.27 no.3
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    • pp.821-832
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    • 2015
  • The aims of this study are to estimate the optimal vessel reduction scales and these direct economic effects of coastal and offshore fisheries in the Republic of Korea. To estimate respectively optimal fishing efforts of individual fishery by species in coastal and offshore fisheries, we adopted appropriate fishing power of each species published by National Fisheries Research and Development Institute and also considered biological and socio-economic factors such as the bycatch rate, the profit rate, the efficiency of resource use, the average age of fishing vessel, the intention of vessel reduction, and the annual changes in vessels by other factors. The direct economic effects of the optimal vessel reduction in coastal and offshore fisheries based on maximum sustainable yield and 2/3 maximum sustainable yield was calculated by a cost-benefit analysis. This study showed that optimal reduction numbers of vessels engaged in coastal and offshore fisheries were 4,431 and 374 vessels and the direct economic effects in coastal and offshore fisheries were about 371.7 and 569.4 billion won and these NPV and BCR were 111.7 billion won and 1.65 and 342.6 billion won and 4.97 respectively.

A Study on Models of Economic Performance Analysis for Science and Technology Information Management Distribution Project (과학기술정보 관리·유통사업의 경제성 분석 모델 수립에 관한 연구)

  • Park, Sung-Uk;Lee, Pill-Woo;Hahn, Sun-Hwa;Lee, Sang-Hwan;Hwang, Seog-Won
    • Journal of Information Management
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    • v.43 no.3
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    • pp.43-59
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    • 2012
  • We established economic models for economic performance analysis in order to respond to changes in a rapidly changing environment. We tried to maximize business efficiency and performance of science and technology information management distribution project. The science and technology information management distribution project is significantly different from general R&D project. In this paper, it is meaningful to develop economic models to analyze economic outcomes for science and technology information management distribution project. We anticipate that these models will contribute greatly to economic performance analysis for science and technology information management distribution project.

Regional Economic Impacts Induced by u-City Construction in Wha-sung and Dong-tan City (u-City 구축사업의 지역경제적 파급효과에 관한 연구)

  • Lee, Heon-Yeong;Choi, Yeseul;Lim, Up
    • Journal of Information Technology Services
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    • v.11 no.4
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    • pp.25-37
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    • 2012
  • In recent year, the u-City construction projects which integrate IT technology into urban infrastructures are being pushed forward by many local governments. These projects contain various purposes in an aspect of regional economy : to reinforce a competitiveness of region by increasing efficiency of urban managements and to revitalize regional economy by stimulating the regional high-tech industries that related to u-City construction. In this context, regional economic impact assessment of u-City construction projects is particularly important because, it give us information about effectiveness of u-City construction policy as a stimulus of regional high-tech industries and the policy feasibility of u-City construction projects that can be a base of public projects. However, it is challenging to assess the impact of u-City projects on regional economy properly due to a lack of understanding about industrial classification, and specific industrial inputs related to u-City construction. In this study, we suggest u-City industrial classifications, and specific-industrial inputs induced by u-City construction projects based on associated legislations, business report for a u-City construction, and results from previous studies. Using these classification and industrial input, we also investigate the regional economic impacts of a u-City construction project in Wha-sung and Dong-tan cities employing Input-output analysis. The empirical results suggests that u-City industries have relatively high in production inducement, and value added inducement compared to input of other industrial sectors. These results indicate that regional economic impact of a Wha-sung and Dong-tan u-City construction project are relatively high, but economic impacts of u-City construction projects vary according to the regional industrial structure, and the specific expense accounts of u-City construction projects.

Study on Japanese Consumers' Korean Food Consumption Behaviors and Market Segmentation Based on Food-related Lifestyle - Focusing on Inbound Japanese Tourists - (식생활라이프스타일에 따른 일본소비자 한식 소비행동 및 시장세분화 연구 - 방한 일본관광객을 대상으로 -)

  • Kim, Kyung-Hee
    • Journal of the Korean Society of Food Culture
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    • v.26 no.6
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    • pp.614-620
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    • 2011
  • This study attempted to identify differences in Korean food consumption behaviors between groups of Japanese consumers segmented in accordance to their food-related lifestyles. This study was performed to provide Korean food service companies basic information to implement a strategy for the globalization of Korean food. As a result of the empirical analysis, the food-related lifestyles of Japanese consumers were deduced to the following four factors: "health and safetyoriented lifestyle", "palate and safety-oriented lifestyle", "economic efficiency-oriented lifestyle", and "simplicity-oriented lifestyle". Further, as a result of the cluster analysis, food-related lifestyles were classified into the following three groups: "a group highly interested in food-related life", "an economic efficiency-oriented group", and "a simplicity-oriented group". Second, there were significant differences in demographic characteristics and the characteristics of Korean food consumption behaviors between the groups. Third, also in a comparison of satisfaction with and loyalty to Korean restaurants with crucial attributes during the selection of Korean food, there were significant differences between the groups. Therefore, it is necessary to develop various Korean food products that will cater to Japanese consumers in accordance with each segmented group.

Case study on construction and economic analysis of geothermal heat pump system (지열 시공 사례 및 동절기 경제성 분석)

  • Park, Chen-Kwan;Shin, Yang-Han;Woo, Ju-Sik;Jeong, Hyo-Min;Chung, Han-Shik
    • Journal of the Korean Society for Geothermal and Hydrothermal Energy
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    • v.7 no.1
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    • pp.17-22
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    • 2011
  • Renewable energy is growing based on low-carbon green energy government policies. According to this policy, geothermal energy is highly efficient and environmental friendly energy which is being recently expanded. However, construction companies are generated disorderly but their ability has not been verified due to the poor geothermal facility which was reported in the media. In the this paper introduce on Busan region's largest geothermal facility, it was confirmed that thermal efficiency of the underground is close to heat exchanger performance. Therefore the study improving the efficiency of underground heat exchange found progressed. The results showed voids between borehole and ground heat exchanger should not be raised. And then geothermal facilities were installed very successfully through the principle grouting operation. As compared to the energy consumption on the basis of operating results energy usage was less than any other heat sources.

Evaluation Method for Value Analysis in the Remodelling of Apartment Building - Focused on Economical Efficiency and User Demand - (건축물의 리모델링 가치분석을 위한 평가방법 - 경제성 평가와 사용자 요구분석을 중심으로 -)

  • 정동환;소광호;김천학;김의식;양극영
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2002.11a
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    • pp.103-109
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    • 2002
  • This research is aiming to specify the requirement of the investment such as initial cost, running cost earning rate to make effective investment considering the purpose of remodeling and economical value of store building enough to meet the initial purpose of remodeling. The review of earning rate for economical evaluation was performed by the on-site auditing on the structure and function of the building and applying the assessment simulation program, which is to find the possible business model to identify the requirement of building owner through case study. After the research, the following results are obtained. First, it is important that many aspects should be carefully analysis and the best method should be selected as characteristics of remodeling can be defer each other in their implementations. Second, though the remodeling of exist buildings to promote the functions has been applied. no suitable assessment tool has bee developed for deciding the level of remodeling in the view of economical efficiency so far. Third, the economical benefit was evaluated by analysing annual earning rate which is applied by investment items and recovery period for the investment. More specific data bate should be established to apply the suggested economic accession in business enough to forecast the future circumstances. More researches should be promoted on this area continuously as well as the integrated economic evaluation of remodeling on existing building.

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An Evaluation of Effects on Hypertension and Diabetes Mellitus Management of a Community-Based Nursing Care Center Using Cost-Benefit Analysis (비용편익분석을 이용한 일 재가노인간호센터의 고혈압 및 당뇨관리 효과평가)

  • Lim, Ji-Young;Im, Jung-Nam;Kim, In-A;Ko, Su-Kyoung
    • Journal of Korean Academy of Nursing Administration
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    • v.16 no.3
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    • pp.295-305
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    • 2010
  • Purpose: This study was conducted to evaluate the economic efficiency of a community-based nursing care center to help policy makers determine whether or not to invest in similar facilities. Methods: The subjects were 101 elderly people over 65 years who participated in a health management program from February 1 to July 31, 2007. Direct cost was estimated with center operations cost, medical cost for out-patients and pharmacy cost. Indirect cost was measured by transportation cost. Direct benefit was calculated by saved medical cost for out-patients, saved pharmacy cost, saved transportation cost, and reducing hospital charges. Indirect benefit was estimated with prevention of severe complications. Economic efficiency was evaluated by cost-benefit ratio and net benefit. Results: Operating a community-based nursing care center was found to be cost-effective. Specifically, the cost of operating the center evaluated here was estimated at 135 million won while the benefit was estimated at 187 million won. Benefit-cost ratio was 1.38. Conclusion: The Community-based nursing care center that was described here could be a useful health care delivery system for reducing medical expenditures.