• Title/Summary/Keyword: economic efficiency evaluation

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Evaluation of Soybean Meal as a Partial Substitute for Fish Meal in Diet and Experimental Practical Diet for Growth in the Far Eastern Catfish (Silurus asotus) (메기, Silurus asotus 사료의 어분 대체 단백질원으로 대두박 및 실용사료 사육효능 평가)

  • Kim, Kyoung-Duck;Lim, Sang-Gu;Hwang, Ju-Ae;Kim, Jin-Do;Kang, Yong-Jin
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.42 no.4
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    • pp.349-353
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    • 2009
  • Two feeding trials were conducted to evaluate the soybean meal as a substitute for the fish meal in diet (experiment I), and experimental practical diet and commercial diet (experiment II) for growth of far eastern catfish. In the experiment I, three replicate groups of juveniles (average weight 7.2 g) were fed one of diets containing 0, 10 and 20% soybean meals for 66 days. Survival and final mean weight were not significantly affected by dietary soybean meal levels. No significant differences were observed in feed efficiency, protein efficiency ratio and protein retention of fish fed between 0% (control diet) and 20% soybean meal diets. However, fish fed 10% soybean meal diet showed the lower feed efficiency, protein efficiency ratio and protein retention, and higher daily feed intake compared with fish fed control diet and 20% soybean meal diet. The contents of moisture, crude protein, crude lipid and ash in the whole body were not significantly affected by dietary soybean meal levels. In the experiment II, three replicate groups of juveniles (average weight 7.3 g) were fed either the formulated diet or commercial diet for 66 days. Survival and final mean weight were not significantly different among treatment. Significantly higher feed efficiency, protein efficiency ratio and protein retention, and lower daily feed intake were observed in fish fed experimental practical diet compared with fish fed commercial diet (P<0.05). Proximate compositions of the whole body were not significantly affected by diets. The results of these studies suggest that soybean meal can be used as a substitute for fish meal up to 20% in diet, and the dietary formulation used in the experiment II could be applied to the practical feed for far eastern catfish.

A Study on the Development of an Economic Efficiency Model Considering Vehicle Operating Cost Properties of Signalized Intersections (신호교차로의 차량운행비용 특성을 고려한 경제성분석 모형개발)

  • Byeon, Eun-A;Kim, Yeong-Chan;An, So-Yeong;Go, Gwang-Deok;Yun, Su-Yeong
    • Journal of Korean Society of Transportation
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    • v.27 no.2
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    • pp.199-206
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    • 2009
  • In relation with economical efficiency analysis on investment evaluation of transportation system, among vehicle operating cost saving benefit that is applied to general preliminary assessment guidelines and investment evaluation guidelines, oil expense calculated data which concentrated and analyze on the relationship between oil consumption amount on running state and running speed. For uninterrupted flow which does not have stopped delay due to traffic signal, consideration for reduction benefit is possible due to the changes of running speed and travel time however, for interrupted flow which the stopping occurs due to signal control on actual signal intersection has no consideration for stopping delay time reduction and stopping rate improvement thus reflection of reality on improved effect analysis is difficult. Therefore, this research makes a framework to analyze benefits that reflects the features of signalized intersections by benefits associated with decrease of stopping delay time with existing research and developing vehicle operating cost calculation model formula. Vehicle operating cost has been redefined considering the stopping delay time by applying the oil consumption amount at idling and the economical benefit between conventional model and newly developed model when applied for the optimization of traffic signal system on the two roads in Seosan city has been analyzed comparative. While the importance of traffic system maintenance is being emphasized due to the increase of congested areas on roads, it is expected to assist in more realistic economical analysis which reflect the delay improvement through the presentation of an economic analysis model that considers the features of signalized intersections in signal optimization system improvements and effect analysis of congestion improvement projects`.

A Location Selection of Logistics Center for Environment-Friendly Agricultural Products in the Gwangyang Bay Area (광양만권 친환경농산물 물류센터 입지선정 연구)

  • Ryu, In-Chul;Choi, Yong-Seok
    • Journal of Korea Port Economic Association
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    • v.27 no.2
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    • pp.1-26
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    • 2011
  • This study was conducted to select the location of the logistics center for environment-friendly agricultural products in the Gwangyang Bay Area. AHP(Analytic Hierarchy Process) technique was used to examine location selection factors and factor hierarchy was made through a questionnaire survey and an expert interview for objective and quantitative decision. The hierarchy process of location factors of logistics center for environment-friendly agricultural products in the Gwangyang Bay Area were categorized into five factors such as natural factors, economic factors, social factors, distribution efficiency, and land use plan. Then, those factors were sub-categorized into three factors each. As a result of pair-wise comparison analysis of five categories, the weight of economic factors was the highest, and easy cargo transportation, fitness to higher-order plan, climate, land price, and limitation regulations of sub-categorized factors appeared as comparative evaluation criteria. The priority of the final candidate was decided through this process. While the weight of the Yulchon II Industrial Complex was the highest in natural and economic factors were the highest, the weight of the Gwangyang Hwanggeum Industrial Complex was the highest in social factors, distribution efficiency, and land use plan. The result of the final analysis showed that the Gwangyang Hwanggeum Industrial Complex was the most optimal location candidate for the logistics center for environment-friendly agricultural products.

A study on the social cost estimation of the tunnel section enlargement method considering traffic flow (교통흐름을 고려한 터널단면 확대 시공기술의 사회적 손실비용 산정에 관한 연구)

  • Lee, Seung Soo;Kim, Dong-Gyou;Seo, Jong Won
    • Journal of Korean Tunnelling and Underground Space Association
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    • v.17 no.4
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    • pp.487-497
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    • 2015
  • Using existing tunnel for section enlargement and remodeling is being considered as an optimal alternative in order to solve traffic jam in tunnel. The existing method has been performed while blocking the traffic flow. Recently, New enlargement method was developed which can maintain traffic flow during the construction by using protector. It can minimize social loss due to keeping traffic flow. On the other hand, installing and operating protector can cause economic disadvantages. So, social cost estimation considering traffic flow should be considered for relevant economic evaluation of tunnel section enlargement methods. This paper presents the social cost estimation method of tunnel section enlargement methods considering traffic flow. In addition, to compare economic efficiency existing method with new method, suggested method was applied to Maebong Tunnel.

A Study on the Revitalization of Distribution and Logistics in the Least Developed Free Economic Zones (FEZ) (후발 경제자유구역의 성공을 위한 물류유통 부문 활성화에 관한 연구)

  • Jeon, Jae-Woan;Kim, Ki-Soo
    • Journal of Distribution Science
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    • v.11 no.2
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    • pp.57-70
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    • 2013
  • Purpose - The objective of this paper is to explain the successful methods for the revitalization of distribution and logistics of the least developed FEZs (Saemangum, Yellow-sea, and Deagu-Kyengbuk) in Korea. With the recent changes in the economic terrain of Northeast Asia as with the rise of China, Korea has developed a logistics hub concept for improving the efficiency of logistics and distribution industry and its distribution and logistics policy has received positive worldwide evaluation. Therefore, we face severe competition and must always look for ways to address these problems. Research design, Data, Methodology - This study adopts two methods to propose successful revitalization of distribution and logistics in the least developed FEZ. The first method investigates the limitation of these FEZs by analyzing the statutes, and the second one follows comparable cases. Thus, we first reviewed the efficient strategic political alternatives for the least developed FEZ, Yellow-sea, Seamangum-Gunsan, and Deagu-Kyeongbuk, through the relative institution system, law, and future plans. Next, we studied the Bin-hai Economic Free Section (Zone) in China as a comparable example. In order to analyze the competitiveness of logistics in the three FEZs (Yellow-sea, Seamangum-Gunsan, and Deagu-Kyeongbuk), the total factor productivity growth of regional manufacturing industries is divided into three sources: the external trade effect, scale effect, and technical change effect. However, this paper does not test for a positive contribution of external trade, which is a reason of non-building on these FEZs. A FEZ that shows a larger external trade effect than the others will have a comparative advantage in the logistics infrastructure and policy support. This study presented the newly applied Bin-hai FEZ in China, in order to make the studied FEZ as successful by applying the strategy of its distribution and logistics center. Results - In Korea, there is an increased focus on the benefit of the regional development of regions such as the Free Economic Zones (FEZ). We have six FEZs, Inchon, Busan-Jinhae, Guangyang, Yellow-sea, Seamangum-Gunsan, and Deagu-Kyeongbuk. However, our FEZs do not have various supporting factors needed for the logistics and distribution industry. Korea designated the above six places as FEZ and has operated to enhance national competitiveness and ensure a balanced regional development since 2003. However, most FEZs did not receive favorable feedback in the first business performance evaluation and it is necessary to take action for substantial improvements. Conclusions - Especially, over the past 10 years, even though the FEZ policy has been implemented in an effort to promote success in distribution and logistics, there are still many underdeveloped industries in logistics. The main problem is the absence of revitalization of the high value added performance in the distribution and logistics industry. However, there is a limitation to this study. We have used non-empirical method based on a case study to arrive at our findings. Future studies should use appropriate statistical methods to supplement our results and provide a solution to this problem.

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Gas Hydrate Supply Chain analyses of economy for the natural gas transportation (천연가스 수송을 위한 Gas Hydrate Supply Chain의 경제성 분석)

  • Kim, Cheoulho;Lee, Jaeik;Jeong, Taeseok
    • 한국신재생에너지학회:학술대회논문집
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    • 2010.11a
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    • pp.151.1-151.1
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    • 2010
  • Natural gas hydrates (NGH) provide 170 gas volumes per unit volume of the medium and are easier to make with moderate pressure and temperature (40 bar at 3 C). Once they form, their preservation temperature is 20 C at 1 bar, which is much milder than the LNG preservation. In case of using the NGH, The small and medium sized gas well has advantages for development because of NGH's these characteristics. According to the cost evaluation report of Gudmundsson in Norway and the research of MES in Japan, the gas well that uses the NGH has a cost saving effect about 10~20% compared LNG. The effect depends on distance and production. However, cost saving and efficiency of liquefaction process is increased by the development of LNG liquefaction technology. Therefore, these factors have to be reflected in economic analysis. The purpose of this research is to compare the cost of Gas Supply Chain according to the transport type, distance and gas reserves. Especially, we consider not only the cost of facility but also the total cost (production cost, transport cost, etc).

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Development and Evaluation of a Simulation Model for Dairy Cattle Production Systems Integrated with Forage Crop Production

  • Kikuhara, K.;Kumagai, H.;Hirooka, H.
    • Asian-Australasian Journal of Animal Sciences
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    • v.22 no.1
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    • pp.57-71
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    • 2009
  • Crop-livestock mixed farming systems depend on the efficiency with which nutrients are conserved and recycled. Home-grown forage is used as animal feed and animal excretions are applied to cultivated crop lands as manure. The objective of this study was to develop a mixed farming system model for dairy cattle in Japan. The model consisted of four sub-models: the nutrient requirement model, based on the Japanese Feeding Standards to determine requirements for energy, crude protein, dry matter intake, calcium, phosphorus and vitamin A; the optimum diet formulation model for determining the optimum diets that satisfy nutrient requirements at lowest cost, using linear programming; the herd dynamic model to calculate the numbers of cows in each reproductive cycle; and the whole farm optimization model to evaluate whole farm management from economic and environmental viewpoints and to optimize strategies for the target farm or system. To examine the model' validity, its predictions were compared against best practices for dairy farm management. Sensitivity analyses indicated that higher yielding cows lead to better economic results but higher emvironmental load in dairy cattle systems integrated with forage crop production.

A Framework for Investment Justification and Economic Operation- (한국의 다목적댐 수력발전 체계-투자의 정당화와 경제적 운영-)

  • 이승규;박용삼
    • Journal of the Korean Operations Research and Management Science Society
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    • v.12 no.1
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    • pp.157-157
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    • 1987
  • Hydro-electric power generation from multi-purpose dams has been playing important roles in the electric power supply network in Korea. Although the total share of hydro power in national electricity supply now becomes very small, the peak-shaving and frequency control capability of hydro power helps the power company enormously in maintaining the quality of power. But since the company that builds and operates the multi-purpose dams in Korea has to sell all the electricity produced to the monopolistic utility, there have been various problems in justifying the investment, designing pricing mechanism, and controlling operations of the power plants. In addition, economic evaluation of the hydro power has been distorted by a variety of reasons and hence it has been very difficult to encourage effective development and utilization of national water resources. To make the problem worse, both parties are public companies with X-inefficiency problems. Thus, changing environment requires to reengineer the system that governs hydro power generation. We address the problems of Korean hydro-electric power generation system in four areas: the investment justification process, the operations decison right of the hydro power plants, the pricing of the purchased-power, and the negotiation of contract revision. Then we propose improvement directions of new hydro-electric power system in view of static and dynamic efficiency, X-inefficiency and equity.

A Study on Comparison of Slope Revegetation Methods Through Value Engineering Analysis (가치공학분석을 통한 비탈면녹화공법 비교에 관한 연구)

  • Kim, Nam-Choon;Kim, Do-Hee
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.13 no.1
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    • pp.93-102
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    • 2010
  • Greening sometimes fails because its method is not suitable for various site conditions, therefore the trend of selecting a revegetation method in Korea today is through test construction. However, due to enlargement, complication and diversification of domestic construction businesses, the importance of VE is gradually increasing as effective efforts over a whole life-cycle to obtain goals such as quality improvement and cost reduction, and not only quality and economic efficiency but also substantiality need to be considered in comparing revegetation methods. For this study, Sungnam~Janghowon (area1), where comparatively various slope revegetation methods are used, was selected the investigation site. The site was divided into three areas:blasting rock, ripping rock and earth sand. The revegetation methods used were six in the blasting rock area, five in the ripping rock area, and two in the earth sand region. 2007 monitoring data was analyzed, and Value (V) was calculated with LCC related ratio, and compared and contrasted with the evaluation of prior revegetation methods. Therefore it is believed that this analysis enables selection of the most appropriate method, unbiased towards one particular characteristic such as quality, vegetation growth and economy. When aiming for a durable effect, it shall be more efficient to select the most appropriate method focusing on LCC analysis, which deals with the economic aspect, as well as the design function aspect.

Hydro-electric Power Generation System of Multi-purpose Dams in Koresa - A Framework for Investment Justification and Economic Operation - (한국의 다목적댐 수력발전 체계 - 투자의 정당화와 경제적 운영 -)

  • 이승규;박용삼
    • Korean Management Science Review
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    • v.12 no.1
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    • pp.157-173
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    • 1995
  • Hydro-electric power generation from multi-purpose dams has been playing important roles in the electric power supply network in Korea. Although the total share of hydro power in national electricity supply now becomes very small, the peak-shaving and frequency control capability of hydro power helps the power company enormously in maintaining the quality of power. But since the company that builds and operates the multi-purpose dams in Korea has to sell all the electricity produced to the monopolistic utility, there have been various problems in justifying the investment, designing pricing mechanism, and controlling operations of the power plants. In addition, economic evaluation of the hydro power has been distorted by a variety of reasons and hence it has been very difficult to encourage effective development and utilization of national water resources. To make the problem worse, both parties are public companies with X-inefficiency problems. Thus, changing environment requires to reengineer the system that governs hydro power generation. We address the problems of Korean hydro-electric power generation system in four areas: the investment justification process, the operations decison right of the hydro power plants, the pricing of the purchased-power, and the negotiation of contract revision. Then we propose improvement directions of new hydro-electric power system in view of static and dynamic efficiency, X-inefficiency and equity.

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