• Journal of Advanced Marine Engineering and Technology
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• v.32 no.1
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• pp.66-72
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• 2008

In this study, the ground source heat pump was installed at a research center in Jeju Island to verify the performance of the system and to give an information for a economic feasibility. The performance test was conducted until the heat storage tank temperature reached at $5^{\circ}C$ from $50^{\circ}C$ in the cooling operation, and until the storage temperature goes up to $50^{\circ}C$ from $10^{\circ}C$ in the heating mode. As results, the system performance shows that $2.2{\sim}3.5$ for the cooling operation and $2.5{\sim}3.5$ for heating operation. It is found that the underground is good heat source for the heat pump with $3{\sim}10^{\circ}C$ variation range. The ground source heat pump could be connected one of air conditioning system without any problem in system performance. Based on the economic analysis, the initial cost for the ground source heat pump will be compensated after 4 years operation. If the system runs 20 years, approximately 300 million Won will be saved when the air conditioning system adapt the ground source heat pump based on Life Cycle Cost analysis.

• 한국신재생에너지학회:학술대회논문집
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• 2007.11a
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• pp.515-518
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• 2007

Because of their low operating and maintaining costs, ground-source heat pump(GSHP) systems are an increasingly popular choice for providing heating, cooling and water heating to public and commercial buildings. Despite these ad- vantages and the growing awareness, GSHP systems to residential sectors have not been adopted in Korea until recently. A feasibility study of a residential GSHP system was therefore conducted using the traditional life cycle cost(LCC) analysis within the current electricity price framework and potential scenarios of that framework. As a result, when the current residential electricity costs for running the GSHP system are applied, the GSHP system has weak competitiveness to conven- tional HVAC systems considered. However, when the operating costs are calculated in the modified price frameworks of electricity, the residential GSHP system has the lower LCC than the existing cooling and heating equipments. The calculation results also show that the residential GSHP system has lower annual prime energy consumption and total pollutant emissions than the alternative HVAC systems considered in this work.

• Journal of the Korean housing association
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• v.14 no.6
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• pp.69-77
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• 2003

The environmental problems aren't only restricted in single area or country, but also related in all around the world. Various approaches have been tried to protect and utilize properly the environment. Especially, building area has been attempted to provide the model which could explain the degree of environmental influence and technology development criteria to lessen the environmental impact in building life cycle. The environmental impact in the building life cycle can be overally explained with sustainability. Sustainability can be utilized to establish the target level of building to environmental influence. This paper aimed at extracting items to evaluate the building sustainability, divided into social, economic and environmental aspects. First, 93-items is extracted from 3 areas through existing literature review. Second, the 93-items would be controlled and reviewed into 21 items, which are five social aspect items, two economic aspect items and twelve environmental items, because 93 items can not properly be applied and evaluated. And, it provided the model to combine the extracted items of each area. In social aspect, the outdoor noise is more affect than any other items. In environmental aspect, the item of surface-to-volume is more affect than any other items.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.20 no.9
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• pp.599-607
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• 2008

In this study, air conditioning systems include ground source heat pump (GSHP), are evaluated for economic feasibility. The building is modeled an air conditioned for 280kW scale. This analysis is compared with the energy tariff programs of Korea and USA. The objectives of this paper are to evaluate the cost-effectiveness of the GSHP and combined system using Life-Cycle Cost (LCC) analysis, and to carry out the sensitivity analysis of key parameters. The paper considered the cases including the base case of air source heat pump and the other two alternates for comparisons. The combined system is not only a cost-effective way to the low energy consumption but also a way to avoid a high initial investment. The variations of initial investment and energy rates give a significant effect on the total LCC and payback period.

• Journal of the Korean Society for Geothermal and Hydrothermal Energy
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• v.8 no.3
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• pp.12-18
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• 2012

The purpose of this study is to make an economic analysis(Life cycle cost) of selecting optimal air conditioning system for a research building which is 8 stories with a total floor area of $32,010m^2$. Energy consumptions of three proposed air-conditioning systems(Alt-1,2,3) that reflect the government green-growth policy are calculated and compared. The results show that life cycle cost of Alt-3(Ventilation DX AHU+EHP) is less than Alt-1(EHP+ventilation DX AHU) by 5.1%, and Alt-2(Absorption chiller/heater+EHP) by 34.3%. Annual energy consumption of Alt-3 is less than Alt-1 by 9.9%, and Alt-2 by 37.4%. Annual $CO_2$ emission of Alt-3 is less than Alt-1 by 9.9%, and Alt-2 by 0.2%.

• Journal of Korean Society of Environmental Engineers
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• v.38 no.6
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• pp.334-342
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• 2016

Conventional eco-design has been implemented based only on the environmental aspects of a product. Key components of a product identified from the analysis of the environmental aspects have been the target for improvement in the conventional eco-design. The use of eco-design index (EDI) considering both the environmental and economic aspects, and utility value (UV) of a product can be envisaged as an alternative way of implementing and assessing the eco-design. The objective of this study was to propose the logic of the EDI and apply it to the components for performing printing function of the multi-function printer. The EDI was formulated by quantifying the UV, life cycle environmental impact (LCE) and life cycle cost (LCC) of the components of a product, here components of the printer. Of the eight components investigated, roller was identified as the best performing consumable in both the environmental and economic aspects. However, its UV was the lowest among the eight. The EDI of the roller was mere $4^{th}$ in ranking out of the eight. Transfer belt ranked $8^{th}$ and $5^{th}$ in the environmental and economic aspects, respectively, while $2^{nd}$ in the utility value with its EDI ranked $3^{rd}$. This indicates that not only the environmental aspects but also economic and utility value aspects should be considered when identifying the key components for improvement in the eco-design.

• Journal of Families and Better Life
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• v.20 no.6
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• pp.151-162
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• 2002

The instability in the current financial market caused consumers a lot of difficulties in their financial decision making. The purpose of this study is to classify the changes in household portfolios during the economic crisis under IMF-trusteeship (IMF Crisis hereafter), and to examine the characteristics of the households according to the types of household portfolio changes. The data were taken from 1996 and 1999 Korean Household Panel Studies, and 1,293 households were selected for the final analysis. Methods of analysis included frequencies, percentages, Chi-square tests, F-tests, and t-tests. Major findings are as follows: 1. In the midst of the financial market changes during the period of the IMF crisis, consumers tended to manage their household portfolio differently according to their household characteristics. 2. The changes of household portfolio can be classified into two different types: the changed type (44.4%) and the unchanged type(55.6%). There are significant differences in the level of wealth, family life cycle stage, housing tenure, and the household head's job, between the changed type and the unchanged type. The family members of the unchanged type are more likely to be older and relatively wealthy compared with the families in the changed type. 3. The changes of household portfolio can be further classified into six different types: the unchanged-liquidity type (21%), the unchanged-multiplication type (24.6%), the unchanged-insurance type (9.8%), the changed-to-liquidity type (13.9%), the changed-to-multiplication type (13.0%), and the changed-to-insurance type (17.5%). There are significant differences in income level, wealth level, family life cycle stage, housing tenure, and the job of household head among the six types of changes.

• Journal of the Korea Furniture Society
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• v.29 no.1
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• pp.8-17
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• 2018

Economic crisis in 2008 has changed South Korean market including furniture related field. Owing to Subprime Mortgage Crisis, new economic order, in other words, New Normal was established. Low growth rate, low interest, high unemployment rate, high risks, regulation strengthening, and all that sort of negative things have became generalized. South Korean economy has developed drastically since the Korean War, however recent economic crisis and Internet and smart phone have leading roles in shaping new consumption market. In a way, furniture market has expanded despite economic recession. Total service for housing is suited to South Korean consumers and shortened Product Life Cycle induces consumers to buy more furniture. In addition, Internet and smart phone allow people to show off their private spaces to unspecified masses. As a result, consumer prefers inexpensive and expendable furniture. It is certain that furniture market makes quantitative growth, but qualitative sides are questionable. Even though the study is focused on the existent circumstances, It will help to find out the proper ways of future furniture market in South Korea.

• Journal of the Korea Institute of Building Construction
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• v.16 no.2
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• pp.141-149
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• 2016

Recently, in an attempt to overcome the defects of quiescent power shutdown system, smart quiescent power control system has been developed. However, due to its higher investment costs, feasibility evaluation must be conducted. While LCCA (Life Cycle Cost Analysis) model is useful to estimate net savings of alternatives that differ with respect to initial costs and operating costs, the environmental burdens are not considered. On the contrary, LCA (Life Cycle Assessment) model is suitable to assess environmental impacts associated with the stages of a product's life but it does not consider costs. In this study, a comprehensive analysis on the economic and environmental impacts of smart quiescent power control system is conducted by using LCCA and LCA model. In addition, sensitivity analysis is carried out to quantify accuracy of estimates.

• Proceedings of the Korea Concrete Institute Conference
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• 2001.05a
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• pp.699-706
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• 2001

Waterproofing materials should be expected to last the life of the structure. An approximate life cycle cost should be to compare different materials based on initial and periodic repair / maintenance costs. Waterproofing applicators like materials that are easy to set up and clean up. The designer should choose a material that can be applied in almost all conditions. Design Professionals should specify independent inspection on critical jobs or in all cases where the budget permits. The basic causes of defection occurred during construction should be minimized.