• Land and Housing Review
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• v.10 no.4
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• pp.51-59
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• 2019

The government is encouraging the notice of obligatory reclaimed asphalt as a result of the economic and social positioning of green growth to reduce the amount of waste resources and to solve natural resource problems by recycling continuously generated waste resources. However, it is necessary to develop application guideline for each application to apply reclaimed asphalt to the site because quality control of the reclaimed asphalt is difficult and the specifications are ambiguous as well. Therefore, in this study, the mix design, quality test, performance test, and finite element analysis about reclaimed Asphalt Pavement were conducted to develop application guideline for reclaimed hot asphalt. The mix design was carried out for the comparative general hot mix asphalt mixture, the reclaimed hot mix asphalt mixture using the additive, and the reclaimed hot mix asphalt mixture without the additive. Indirect tensile strength and tensile strength ratio tests were used to characterize the reclaimed hot mix asphalt mixture. Using the results of dynamic modulus test and FWD test for KPRP analysis and finite element analysis, the performance life was evaluated for general pavement and pavement using recycled aggregate. Finally, the life cycle cost analysis was used to compare and analyze the economics of reclaimed asphalt concrete pavement.

• International conference on construction engineering and project management
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• 2007.03a
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• pp.625-634
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• 2007

Energy-saving is one of important issues in multi-family housing projects in South Korea. According to the study by Yu et al. (2002), the balcony conversion causes energy loss approximately one and a half times. Therefore, it is important to select the economical glass type in the balcony window. In order to identify the most economical glass type of balcony conversion in multi-family housing projects, the most typical type of the multifamily housing projects in the metropolitan area was selected as a candidate project. The selected candidate project has been simulated using ENERGY-10 program to estimate the heat load by the different five types of glasses as well as their life cycle cost analysis (LCCA) using present worth method. Finally, sensitivity analysis has been conducted to determine the most economical glass types under a different discount rate (interest rate) and service life of building.

• Journal of Electrical Engineering and Technology
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• v.13 no.4
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• pp.1631-1637
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• 2018

Electric utilities has been considered the necessity to introduce asset management of electric power facilities in order to reduce maintenance cost of existing facilities and to maximize profit. This paper aims to provide data that can helpful to make profitable decision in terms of power transformers which have a significant part in the power system. Therefore, this study is modeling input cost for power transformer during its entire life and also the life cycle cost (LCC) technique is applied. In particular, the variation of transformer state related with maintenance and the variation of the EUAC curve based on cost and effect of maintenance is examined. In this study, the trend of the equivalent uniform annual cost (EUAC) according to maintenance cycle and cost of equipment is analyzed. In line with that, sensitivity analysis influenced by the changes of other cost factors was performed.

• Advances in Energy Research
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• v.4 no.2
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• pp.121-146
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• 2016

This study is concerned with the analysis of two renewable technologies for electric energy production: wind energy and photovoltaic energy. The two technologies were assessed and compared by economic point of view, by using selected indicators characterized by a clear calculation approach, requirement of information easy to be collected, clear, but even complete, interpretation of results. The used economic indicators are Levelized Cost of Energy, $CO_2$ abatement cost and fossil fuel saving specific cost; these last two specifically aimed at evaluating the different capabilities that renewable technologies have to cut down direct $CO_2$ emissions and to avoid fossil fuel extraction. The two technologies were compared also from the environmental point of view by applying Life Cycle Assessment approach and using the environmental impact categories from the Eco-indicator'95 method. The economic analysis was developed by taking into account different energy system sizes and different geographic areas in order to compare different European conditions (Italy, Germany and Denmark) in term of renewable resource availability and market trend. The environmental analysis was developed comparing two particular types of PV and wind plants, respectively residential and micro-wind turbine, located in Italy. According to the three calculated economic indicators, the wind energy emerged as more favorable than PV energy. From the environmental point of view, both the technologies are able to provide savings for almost all the considered environmental impact categories. The proposed approach, based on the use of economic and environmental indicators may be useful in supporting the policies and the decision making procedures concerned with the promotion and use of renewables, in reference to the specific geographic, economic and temporal conditions.

• Solar Energy
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• v.10 no.1
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• pp.63-79
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• 1990

It has been recognized that a policy for supplying solar house and hot water production systems utilizing solar energy needs to be driven to save civilian comsuming energy or to develop alternative energy. However, the economic feasibility study of solar energy systems must be carried out before their practical use. The purpose of this study is to furnish information for supplying policy and enlightening users with the economic feasibility study of solar house and hot water production systems. Decision support systems are established to carry out economic analysis on solar systems more accurately. Therefore, computer simulation is carried out to analyze the performance of solar systems and also economic feasibility study by trial and error method is carried out. Fuel cost and additional cost for solar systems are estimated employing present worth concept and economic analysis has been conducted using the break-even point analysis method and life-cycle cost analysis method.

• Journal of Families and Better Life
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• v.6 no.1
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• pp.117-129
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• 1988

The purposes of this study are 1) to explore the evaluating attribute of family life- insurance 2) to examine the relationship between evaluation attribute variables and level of consumer satisfaction/ dissatisfaction (CS/D), and 3) to investigate the sociodemographic variables and psychological variables which influence the purchase of life-insurance. The data used in this study include 432 households of 208 life-insurance purchasers and 224 non-purchasers Statistics used for the data analysis are x2, factor analysis, multiple regression and a discriminant analysis. The resulting major findings are as follows; 1) The evaluating attributes are saving function, convenience. economic payoff, safety for future accident, agreement of insurance, and reputation of brand. 2) Among these factors. the most important factors. in CS/D of life-insurance are saving function, and reputation of brand. 3) the purchase of life-insurance has been influenced by such sociodemographic variables as husband's age , family income, and family life-cycle. Psychological variables such as attitude of life, perceived risk, consumer attitude about insurance business did not influence the purchase of life -insurance significantly. As mentioned above, we can conclude that Korean purchasers of life-insurance are using irrational evaluating attributes. Therefore more education of the consumers and more information about life-insurance purchases are necessary. Especially low-income households and first step of family life-cycle families are turned out to need more education as well as more information.

• Journal of the Architectural Institute of Korea Structure & Construction
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• v.36 no.4
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• pp.153-161
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• 2020

This study investigates the recycling potential of demolition waste (DW) according to building structure, while considering economic aspects. For that, this study surveyed 1,034 residential buildings to collect reliable information on demolition waste generation rates (DWGRs). This study suggested a method for operational cost calculation for each stage and carried out an inventory analysis. The economic value of recycled DW materials was also calculated. And then, the recycling potential(RP) was calculated by building structures and waste types. RP by building structure was low (27-40%), and RP was found in the order of masonry-block, wooden, RC and concrete-brick. By type of DWs, the RP of aggregates was considerably lower than 7%, and DWs such as wood, plastics, and metals showed more than 100% RP. Considering the results of this study, In order to improve the RP of buildings and DWs, the diversification of products that recycled waste like aggregates (i.e., mortar, concrete, bricks, blocks, tiles) and the development of high value-added products are considered to be the most urgent problems. Based on the above RP results, this study proposed a more advanced method for life cycle assessment of buildings and demolition waste.

• Journal of the Korean Home Economics Association
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• v.29 no.2
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• pp.155-167
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• 1991

There have been many cooperative meetings from the past in our country. "Kye" is the most popular and current exisiting meeting of them in our society. Therefore, study of "Kye" at this point will be useful for life, attitude, value in urban area. The concret purposes of this study are to investigate: (1) Participationg rate of the city housewives' "Key" meeting. (2) Purpose of the city housewives' "Kye" meeting. (3) The order of the most influential variable among the socio-economic variables, the family life cycle variables, and the residence variables on the city housewives' "Kye" meeting. For the purpose of this main study, 600 questionnaires were distributed to housewives living in Seoul and collected during the six months, from November, 1989 to April, 1990. And method of data analysis for this survey was Multiple Regression. The major results are as follows: (1) Participating rate of city housewives' "Kye" meeting is 52.2%. (2) Purpose of city housewives' "Kye" meeting is in the order of "for saving", "for friendly gatherings", "for commodity purchase". The order of the most influential factor (3) among the socio-economic variables is the age of respondents (β:.187), the average income of all house members(β:.177), and the schooling years (β:-.147), (4) among the family life cycle variables is the family life cycle(β:.261), number of children(β:-.212), (5) among the residence variables is the duration of current residence(β:.221), kind of house(β:.118). Comparing the past studies, the purpose of "Key" meetings has changed from the family centered events method such as worship or marriage of family members to out of the family and friends centered events such as social gatherings among the people in urban community.

• KDI Journal of Economic Policy
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• v.26 no.1
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• pp.105-140
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• 2004

Korea is entering the class of aging population nations. This paper investigates the extent demographic factors and the aging population affect the saving rate, using an extended life-cycle/permanent-income hypothesis on saving. The results of the tests with Korean household survey data from 1977 to 2002 reveal that real saving rates increase when the duration of lifetime and per household real disposable income rise, and decrease when the growth rate of income and net worth-to-GDP ratio rises. The growth rate of per household real disposable income has negative effects, suggesting that households calculate their life cycle income in a forward looking manner. The elasticities with respect to a change in the lifetime horizon and the growth rate of per household income are 0.58 and -0.03, respectively. A one percent rise in the net worth to GDP ratio reduces the saving rate by 0.3 percent. A one percent rise in per household income increases it by 0.33 percent. The younger-age and the elder-age dependency ratios have insignificant effects on the household saving rate behavior. When Korean life expectancy rises, the private saving rate declines modestly and the government saving rate declines substantially. The economy's real net saving rate declines from 33 percent in 2002 to 30 percent by the year 2030.

• International Journal of Highway Engineering
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• v.17 no.2
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• pp.143-150
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• 2015

PURPOSES : The authors set out to estimate the related carbon emissions, energy use, and costs of the national freeways and highways in Korea. To achieve this goal, a macro-level methodology for estimating those amounts by road type, road structure type, and road life cycle was developed. METHODS : The carbon emissions, energy use, and costs associated with roads vary according to the road type, road structure type, and road life cycle. Therefore, in this study, the road type, road structure type, and road life cycle were classified into two or three categories based on criteria determined by the authors. The unit amounts of carbon emissions and energy use per unit road length by classification were estimated using data gathered from actual road samples. The unit amounts of cost per unit road length by classification were acquired from the standard cost values provided in the 2013 road business manual. The total carbon emissions, energy use, and cost of the national freeways and highways were calculated by multiplying the road length by the corresponding unit amounts. RESULTS: The total carbon emissions, energy use, and costs associated with the national freeways and highways in Korea were estimated by applying the estimated unit amounts and the developed method. CONCLUSIONS: The developed method can be employed in the road planning and design stage when decision makers need to consider the impact of road construction from an environmental and economic point of view.