• The Journal of Fisheries Business Administration
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• v.25 no.2
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• pp.115-145
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• 1994

The objetives of this study are to find the economic feasibility of the polyculture and to give the economic information of the polyculture for aquaculture fishermen. The polyculture is defined as the rearing of several species together to make more efficient use of the growing space and the total ground environment. The economic feasibility analysis in the polyculture involves the profitability, the productivity, and the risk reduction effect. The results of the economic feasibility analysis in the polyculture are as follows; First, in the profitability analysis, the solid utilization of ground in the polyculture is more profitable than the monoculture. The profitability owing to the plane utilization of the ground in the polyculture is positioned between those of the monoculture of each speices. Second, in the productivity analysis, oyster and sea squirt are diminishing returns to scale. Third, the variation on the average rate of return in the polyculture products is smaller than that of the monoculture. Finally, the result of comparison between the polyculture and the monoculture shows that the polyculture in coastal area is more profitable and more efficient than the monoculture. Most of cultivating species are selective in their diet Thus, stocking different kinds of cultivating species will efficiently utilize space and food It seems that polyculture is more appropriate for those species that live in different ecological niches. We think that the production per unit of ground can be increased, and the fixed cost per unit of output be reduced, so the polyculture is more profitable than the monoculture. Based on the above results, we concludes that the polyculture is economically feasible when profitability and productivity are increased and simultaneously the variation of average rate of return in the polyculture is smaller than that of the monoculture.

• Journal of Korean Academy of Nursing Administration
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• v.19 no.4
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• pp.437-448
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• 2013

Purpose: This study was a retrospective survey to examine economic feasibility of home care services for patients with diabetic foot. Methods: The participants were 33 patients in the home care services (HC) group and 27 in the non-home care services (non-HC) group, all of whom were discharged early after inpatient treatment. Data were collected from medical records. Direct medical costs were calculated using medical fee payment data. Cost-effectiveness ratio was calculated using direct medical costs paid by the patient and the insurer until complete cure of the diabetic foot. Effectiveness was the time required for a complete cure. Direct medical costs included fees for hospitalization, emergency care, home care, ambulatory fees, and hospitalization or ambulatory fees at other medical institutions. Results: Mean for direct medical costs was 11,118,773 won per person in the HC group, and 16,005,883 won in the non-HC group. The difference between the groups was statistically significant (p=.042). Analysis of the results for cost-effectiveness ratio showed 91,891 won per day in the HC patients, and 109,629 won per day in the non-HC patients. Conclusion: Result shows that the cost-effectiveness ratio is lower HC patients than non-HC patients, that indicates home care services are economically feasible.

• KSBB Journal
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• v.10 no.4
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• pp.401-405
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• 1995

An open pond type photobioreactor for mass cultivation of S. platensis was designed and the growth parameters from different cultivation processes were compared. 0.30(1/day) of specific growth rate and 1.69(g/$\ell$) of maximum cell density were obtained from batch cultivation. In fed-batch cultivation, specific growth rate and maximum cell density were estimated as 0.22(1/day) and 1.75(g/$\ell$), respectively. Maximum biomass productively from continuous cultivation was obtained as 0.44 (g/$\ell$/day). It proves that an outdoors-mass cultivation of S. platensis considering optimal environmental condition is economically feasible. In addition, the biomass productivity was studied in two different mixing systems such as agitation and air sparging methods. The biomass productivity by an agitation method was better than that in an air sparging method.

• Korean Journal of Agricultural Science
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• v.44 no.3
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• pp.451-461
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• 2017

Korean agriculture has recently focused on the 6th dimension of industrialization, which includes the functions of healing and care. The green care and healing business is one of the most representative models, satisfying modern consumers' needs for care or healing in rural agricultural environments. Many studies have shown physical and social benefits from green care and healing, but studies regarding economic performance are rarely found. The present study aimed to analyze the economic feasibility of different green care and healing farm complexes proposed in recent domestic research, with various possible combinations of business scenarios. The results show that most of the scenarios are economically feasible as B/C (benefit-cost ratio) and IRR (internal rate of return) are 1.19 and 8.53%, respectively, under scenario 1. This study also performed a break-even analysis for providing more flexible decision-making information. Overall, scenario 1 from green care and healing site and scenario 4 from green care and healing cluster are found to be superior to the other scenarios in terms of B/C and IRR. The scenarios in this study reflect the domestic farms or complexes which have similar functions of care or healing. Therefore, the results of this study provide information on practical policies and business implications in making decisions on the specific size and operational patterns when adopting green care and healing complexes by central or local governments and private sectors in the future.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.29 no.5
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• pp.259-268
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• 2017

This paper proposes a hydrogen-based social economy derived from fuel cells capable of replacing fossil fuels and resolving global warming, It thus provides an entry for developing economically feasible social configurations to make use of bio-hydrogen production systems. Bio-hydrogen production works from the principle that microorganisms decompose water in the process of converting CO to $CO_2$, thereby producing hydrogen. This study parts from an analysis of an existing 157-ton class NA1 bio-hydrogen reactor that identifies the state of feedstock and reactor conditions. Based on this analysis, we designed a 1-ton class bio-hydrogen reactor process simulator. We carried out thermal analyses of biological heat reactions, sensible heat, and heat radiation in order to calculate the thermal load of each system element. The reactor temperature changes were determined by modeling the feed mixing tank capacity, heat exchange, and heat storage tank. An analysis was carried out to confirm the condition of the feed mixing tank, heat exchanger, heat storage tank capacity as well as the operating conditions of the system so as to maintain the target reactor temperature.

• Journal of the Korean Society for Railway
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• v.14 no.4
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• pp.370-375
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• 2011

In this paper, as a follow-up PRT studies of "J. Lee & K. Kim[2]", in terms of public transportation systems, economic feasibility of PRT systems was investigated. Based on previous studies, PRT demand was estimated and the required number of PRT vehicles has been calculated and the benefit was estimated. To ensure the economic feasibility, construction cost of a PRT system should be the level of 8 billion won per km, and the annual operating costs of the PRT system construction should be approximately 4.63% level. As a result, how much to reduce PRT construction costs, depending on whether decisions are considered to be economically feasible. Thus, PRT technology development will be conducted by targeting the most lightweight and by minimizing the infrastructure and vehicles of PRT.

• Korean Journal of Agricultural Science
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• v.29 no.1
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• pp.55-65
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• 2002

The most representative fruit in Yanbian area is Applepear(Ping Guo Li). It has been a important resource of farm income. According to the economic growth and income Increase of individual consumers, food consumption pattern will be changed from grain to high value cash crops such as Applepear and vegetables. The globalization and adapt ion of free market oriented economic policy of China government have led to change the collective farming system to individual farm management system. The institutional transformation have brought about high productivity of farm products and incomes of farmers. Therefore the plantation area of Applepear and requirement of investment cost for establishment of Applepear farms have increased rapidly since the 1980's, the time of perestroika and glasnost in Chinese economy. In prosperity of Chinese agriculture, individual farmer's decision making as free selection of farmland use, selection of high pay-off crops, free sale of the products in free market and credit support for the project might be the most important factors. In case of Applepear farm development, net present value of the project net benefit was estimated at 55.518won per hectare and financial rate of return was 21%. The benefit/cost ratio of the project was 2.11. Considering 10% of discounting rate or the opportunity cost of capital in China the Applepear farm development project showed us economically feasible in the light of the above efficiency indices. The Chinese government has to support Applepear farm development project financially and institutionally considering the high-payoff benefit of the fruit and farmer's in come increase in the future.

• Journal of Navigation and Port Research
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• v.35 no.5
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• pp.381-385
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• 2011

In this paper, an economic feasibility study of wind-diesel hybrid power systems for an island in the Yellow Sea, where the maximum power generation is about 500kW, was performed. For the study, annual electric load variation and wind resource data of the island were collected and analyzed. HOMER program - a typical hybrid optimization model for electric renewables including wind resource, developed by the National Renewable Energy Laboratory - was used. Wind speed and diesel price were picked out as variables for the sensitivity analysis in order to find the economic accountability for the wind-diesel hybrid power system. As the result, even though it is not feasible economically under the present condition, if mean wind speed is over 3 m/sec. or diesel price goes up to 2.4 $ per liter, the wind-diesel hybrid power system for the island becomes a prospective candidate.

• The Journal of Engineering Geology
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• v.25 no.4
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• pp.599-612
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• 2015

The development of renewable energy technologies that can replace fossil fuels is environmentally important; however, such technologies must be economically feasible. Economic analyses are important for assessing new projects such as geothermal heating-cooling systems, given their large initial costs. This study analyzed the economics and carbon dioxide emissions of: a SCW (standing column well), a vertical closed loop boiler, a gas boiler, and an oil boiler. Life cycle cost analysis showed that the SCW geothermal heating-cooling system had the highest economic feasibility, as it had the highest cost saving and also the lowest carbon dioxide emissions. Overall, it appears that geothermal systems can save money when applied to large-scale controlled agriculture complexes and reclaimed land.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.66 no.12
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• pp.1682-1688
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• 2017

In modern society, the number of industrial customers using equipment sensitive particularly to voltage sags is rapidly increasing. As voltage sags can cause loss of information as well as false operation of the control device, it results in the vast economic damage in industrial processes. One way to mitigate voltage sags in the sensitive loads is the installation of distributed generation (DGs) on the periphery of these loads. In addition, renewable energy sources are currently in the spot light as the potential solution for the energy crisis and environmental issues. In particular, wind power generation which is connected to a grid is rising rapidly because it is energy efficient and also economically feasible compared to other renewable energy sources. On the basis of the above information, in this paper, with Wind Turbine Generators (WTGs) installed nearby the sensitive load, the analysis of the mitigating effect comparison by types of WTGs is performed using voltage sag assessment on the IEEE-30 bus test system. That is, the areas of vulnerability according to types of WTGs are expected to be different by how much reactive power is produced or consumed as WTG reactive power capability is related to the types of WTGs. Using the concept of 'Vulnerable area' with the failure rate for buses and lines, the annual number of voltage sags at the sensitive load with the installation of WTGs per type is studied. This research will be anticipated to be useful data when determining the interconnection of wind power generation in the power system with the consideration of voltage sags.