• Title/Summary/Keyword: economic life cycle

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A Study on Economic Analysis of LNG Fuel Propulsion Ships using Life Cycle Cost(LCC) Based on Combined Interest Rates and Sensitivity Analysis (복합이자율과 민감도분석에 기반한 LCC 기법에 의한 LNG 연료추진 선박 경제성 평가 사례 연구)

  • Hong, Jin Pyo;Kim, Su Yeong;Kim, Chwa Jin
    • Journal of the Society of Naval Architects of Korea
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    • v.51 no.6
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    • pp.451-458
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    • 2014
  • The purpose of this study is to compare the economics between a diesel propulsion vessel and a LNG fuel propulsion vessel through the analysis of the present value using the LCC(Life Cycle Cost) method. This study is also to judge the economics for long-term operation of a LNG fuel propulsion vessel as a result of analysis about the equivalent uniform annual cost. In particular, LCC method was strengthened by sensitivity analysis based on combined interest rate which is considering discount rate and inflation rate simultaneously.

Environmental and economic life cycle analysis of hydrogen as Transportation fuels (자동차 연료로서 수소의 전과정 환경성/경제성 분석)

  • Lee, Ji-Yong;Cha, Kyung-Hoon;Yu, Moo-Sang;Lee, Soo-Yeon;Hur, Tak;Lim, Tae-Won
    • 한국신재생에너지학회:학술대회논문집
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    • 2007.06a
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    • pp.543-547
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    • 2007
  • 화석연료의 점진적 고갈과 그 사용에 따른 지구온난화 그리고 에너지 안보를 해결하기 위하여 세계 각국에서는 대체에너지 개발에 노력을 기울이고 있다. 그 중 수소는 가장 주목받고 있는 대체에너지 원으로 현재 기술개발을 통하여 상업화 시기를 앞당기려고 하고 있다. 다시 말해서, 현재는 수소에너지 시대의 진입 시점이라고 할 수 있다. 이러한 수소는 다양한 소스에서 생산될 수 있으며, 수송연료로 연소 시, 유해 배출물이 거의 나오지 않는 장점이 있다. 그러나 수소는 그 생산 경로에 따라서, 다양한 환경성 및 경제성을 나타낼 수 있다. 본 연구에서는 국내 수소 생산 방식으로 개발/상업화 되어 있는 NGSR, Naphtha SR, WE에 대하여, LCA와 LCCA 방법을 통하여, 수소 경로 전반 즉, 원료채취에서부터 자동차로 주행하였을 때까지를 포함하여 각 대상 수소 경로의 환경성과 경제성을 평가하였다. LCA와 LCCA 결과를 살펴보면, Naphtha SR 및 NGSR 수소 경로에서는 지구온난화와 화석자원 소모 부문 모두 기존연료와 비교해보았을 때 개선효과가 뚜렷하게 나타났으나, WE 수소 경로에서는 오히려 환경부하가 증가되는 것으로 나타났다. 또한 비용적인 측면에서 살펴보면, 수소에 가솔린과 동일한 연료 세율을 부과하더라도 수소가 가솔린에 비하여 주행 시 연료 비용이 저감되어 연료로서 가격경쟁력을 확보하였으며, 연료세를 부과하지 않는 다면, Naphtha SR로 생산하여 유통한 수소가 수송연료로써 가장 비용 효율적인 것으로 나타났다.

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Economic Assesment for Track Ballast Structures based on Proper Maintenance Level (적정 유지관리수준에 기초한 궤도도상구조에 대한 경제성 검토)

  • Baek, Jae-Wook;Joo, Hwan-Joong;Song, Yoo-Seob;Park, Tae-Hyo
    • Journal of the Korean Society for Railway
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    • v.10 no.2 s.39
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    • pp.167-178
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    • 2007
  • In general, it is known that the concrete ballast track is possible to reduce a cost of maintenance activities cause of maintenance free by restrictive maintenance in application of track ballast structures. However, if deteriorations and fracture mechanism of a material are considered, proper maintenance activities and repairing are continually required. For the problems, we evaluated an economical efficiency of the gravel ballast and the concrete ballast on a proper level of maintenance activities. As the method based on history path is difficult to obtain sufficient reliabilities cause of an absence of real data for maintenance activities, we chose the delphi survey method by professional group, and we obtained the appropriate index and profiles for maintenance activities. As a result, we founded that effects for cost reduction can be expected by preventive maintenance management, and we proposed economical restrictions and life cycle cost for track ballast structures in a life cycle.

The Analysis of Life Cycle Cost and Cooling Water Circulating Pump Energy Saving According to Variable Speed Pressure Differential Setpoint Control Strategy

  • Kim, Seo-Hoon;Kim, Jong-Hun;Jang, Cheol-Yong;Song, Kyoo-dong
    • KIEAE Journal
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    • v.15 no.4
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    • pp.37-43
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    • 2015
  • Purpose : The study applied control strategy to reduce through optimal control and operation of pump by applying control on variable speed to the circulation pump of HVAC system in the office building. The study has the purpose to review validity of control on variable speed as ESMs(Energy Saving Measures) and establish the control technology on variable speed pump. The study performed reduction analysis of building energy and economic evaluation of pump through energy effectiveness control strategy of HVAC system. Method: The study sought possible reduction through energy control strategy which can provide proper flow fitting to building load by applying control on variable speed pump. The study applied control strategy to reduce through pressure differential set-point control and operation of pump by applying control on variable speed to the circulation pump of HVAC system in the office building. Result : The results showed that about 16-35% of pump energy could be saved by using these optimal control strategies. In the result of analysis on 10 years life cycle cost of analysis on payback period of initial investment pump, variable speed pump control showed 5.1 years.

Stochastic analysis for Real Rate Interest of Building Life Cycle Cost(LCC) with Monte-Carlo Simulation (몬테카를로 시뮬레이션을 이용한 건축물 생애주기비용(LCC)의 실질할인율에 대한 확률론적 분석)

  • Kim, Bum-Sic;Jung, Young-Han
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2012.05a
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    • pp.161-163
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    • 2012
  • Recently on Value Engineering(VE) and Life Cycle Cost(LCC) social interests is increasing. The government Turn Key, BTL projects and public works projects, such as VE and LCC Analysis on the value and economic analysis is mandatory. And accordingly the VE and LCC analysis is underway for the various studies. However, there is a problem existing in the LCC analysis. Worth the cost varies according to the flow of time. However, the real interest rate during the LCC analysis of buildings in calculation time for interest rates and inflation are not considering the value of the flow. In other words, a few years using the average value of the deterministic analysis method has been adopted. These costs for the definitive analysis of the cost of an uncertain future, unforeseen changes resulting hazardous value. In this study of the last 15 years interest rates and inflation targeting by using Monte-Carlo Simulation is to perform probabilistic analysis. This potential to overcome uncertainties of the cost of building a more scientific and LCC Estimation of the probability value of the real interest rate is presented.

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The Concept of Clean Technology

  • Clift, Roland
    • Clean Technology
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    • v.1 no.1
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    • pp.34-46
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    • 1995
  • Clean Technology goes beyond Clean-UP (or "End of PiPe) Technologies to include Pollution prevention, waste minimisation, and cleaner production. However, the concept of Clean Technology goes deeper than changes in technology, to ways in which human needs can be satisfied sustainably. In other words, Clean Technology, concentrates on delivering a human benefit rather than making a product. Introducing cleaner technology may therefore involve new commercial relationships as well as new technological practices. In some economic sectors, this involves leasing or providing a service rather than selling a product. Life Cycle Assessment (LCA) is an important tool in Clean Technology. LCA involves determining all the resources used and all the wastes and emissions produced in providing the human benefit. Use of LCA ensures that improved environmental performance in one part of the Life Cycle is not achieved merely at the expense of more environmental damage elsewhere. Going beyond LCA, the concepts of Life Cycle Design and "metabolised" use of materials are approaches to obtain maximum benefit from materials as they pass through the human economy. "Closed-loop" use can be a component of clean technology. Looking beyond simple re-use and recycling, a material may pass through a "cascade of uses". typically a series of applications with progressively lower performance specifications. Closed-loop use necessarily involves a change in commercial practice, because the material or product must be recovered after use.

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Life Cycle Cost Analysis Models for Bridge Structures using Artificial Intelligence Technologies (인공지능기술을 이용한 교량구조물의 생애주기비용분석 모델)

  • Ahn, Young-Ki;Im, Jung-Soon;Lee, Cheung-Bin
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.6 no.4
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    • pp.189-199
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    • 2002
  • This study is intended to propose a systematic procedure for the development of the conditional assessment based on the safety of structures and the cost effective performance criteria for designing and upgrading of bridge structures. As a result, a set of cost function models for a life cycle cost analysis of bridge structures is proposed and thus the expected total life cycle costs (ETLCC) including initial (design, testing and construction) costs and direct/indirect damage costs considering repair and replacement costs, human losses and property damage costs, road user costs, and indirect regional economic losses costs. Also, the optimum safety indices are presented based on the expected total cost minimization function using only three parameters of the failure cost to the initial cost (${\tau}$), the extent of increased initial cost by improvement of safety (${\nu}$) and the order of an initial cost function (n). Through the enough numerical invetigations, we can positively conclude that the proposed optimum design procedure for bridge structures based on the ETLCC will lead to more rational, economical and safer design.

Economic Analysis of a Residential Ground-Source Heat Pump System (단독주택용 지열원 열펌프 시스템의 경제성 분석)

  • Sohn, Byong-Hu;Kang, Shin-Hyung;Lim, Hyo-Jae
    • New & Renewable Energy
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    • v.3 no.4
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    • pp.31-37
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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 advantages 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 conventional HV AC 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.

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A Study on the Economic Evaluation of Thermal Spray Methods for the Corrosion Protection of Steel (금속용사 방식공법의 경제성 평가에 관한 연구)

  • Jung Sung-Ho
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2005.05a
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    • pp.13-16
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    • 2005
  • Generally, as corrosive protection processing of a steel structure, zinc galvanizing and heavy duty coating paint are applied. However, zinc galvanizing has the difficulty of restriction of a size, or on-site construction. Moreover, heavy duty coating paint has a problem with many administrative and maintenance expenses with short problem of adhesion, corrosion generating of a damage portion, and maintenance management cycle. In this study, a salt water spray test, CASS test, and the electrochemistry examination were carried out for the thermal metal spray method of construction for corrosive protection performance evaluation. Moreover, the corrosive protection life of a thermal metal spray method of construction was quantitatively calculated on the basis of this experiment. in consideration of LCC, the economical efficiency of a general corrosive protection method of construction and a thermal metal corrosive protection method of construction was compared. Consequently, although initial construction expense was estimated 16 to $30\%$ high, as for a thermal metal spray method of construction, it turns out that the administrative and maintenance expenses for 100 years became cheap 9.3 to 13 or more times.

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Energy Retrofit and Estimate for Small-to-Medium Office Buildings (중소규모 사무소건물의 에너지 개보수 방안 및 평가)

  • 정영선;허정호;방기영
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.13 no.4
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    • pp.279-288
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    • 2001
  • This paper is to derive energy retrofit strategies through energy audit and analysis for a selected small-to-medium office building located in Seoul, Korea,. To activate ESCO business in Korea, our final goal is to develope a simple and adequate energy retrofit procedure through computer simulation. Calibration process was fairly successful eve without the aid of tough field measurement. In terms of annual energy consumption, the percent difference between the predicted and the monitored values were within a reasonable tolerance of $\pm10$%. Based on the calibrated baseline model and the systematic investigation of target building, retrofit measures were suggested with two categories such as architectural side and equipment side. Both selected parametric and interactive retrofit measure simulations resulted in various energy saving quantities and cost, thus the priority among the measures were made. If we were to select the more realistic and reasonable retrofit measure in future, economic estimate were should be practiced with the life cycle cost analysis.

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