• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.61
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• pp.273-302
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• 2014

Project finance ("PF") is a method of raising long-term debt financing based on lending against the cash flow generated by the project alone. Project finance is a nonrecourse or limited recourse financing structure against the sponsors(or the investors). The debt terms in a project finance are not based on the creditor's credit support or on the value of the assets of the project. Lenders rely on the future cash flow to be generated by the project for debt repayment and interest, rather than the value of the project or the credit ratings of the sponsors. The non-recourse or limited recourse financing usually prompt potential project finance lenders to assess carefully all possible risks that might arise in a project to ensure that those risks are mitigated and controlled. In this respect, project finance is a opposite financing method of corporate finance. Project finance has rapidly grown over the last 20 years due to the worldwide process of privatization of public sector and development of natural resources. Global project finance volume reached the record USD 406.5 billion in 2011. In 2012, however, Global project finance volume dropped 6% to USD 382.3 billion. Infrastructure overtook Energy to lead all sectors with USD 113.6 billion. It is generally recognized that there are more and higher risks in project finance compared with corporate finance. Project finance is exposed to commercial risks as well as political risks. The main commercial risks are completion risks, environmental risks, operating risks, input supply risks, revenue risks, etc, and the main political risks are currency convertibility and transfer risks, expropriation risks, war and civil disturbance risks, risks of breach of government concession agreement, etc. Completion risks include permits risks, risks relating to the EPC Contractor, construction cost overrun, delay in completion, inadequate performance on completion, etc.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.11
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• pp.1041-1047
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• 2020

The intention of this paper is to give a better understanding about the implementation of sustainable manufacturing practice in the textile companies in Indonesia as one of the promising sectors in the manufacturing industry. The data was collected by taking a case study approach in one of the leading textile companies in Indonesia. Questionnaire and interview techniques were used to gather in-depth information about the implementation of a sustainable concept in the company. The result reveals that the extent of the implementation of Sustainable Manufacturing Practices (SMP) in the companies are at a level of moderate to high. From the three dimensions measured which are environment, economy, and social dimensions, the evaluation result shows good performance in terms of the implementation of sustainable concepts, like low level of gas emission, high percentage of renewable energy usage, cost reduction rate, high quality of life, etc. From this result, the authors then develop a sustainable manufacturing model in the wider coverage to be implemented not only in the textile industry but is expected to be implemented in manufacturing sectors as well. This model consists of at least seven basic archetypes which are divided into three dominant areas: technological innovation, economical, and social areas which aim to bring better performance in the manufacturing industry of Indonesia.

• Journal of Surface Science and Engineering
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• v.39 no.2
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• pp.57-63
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• 2006

In this study, In-base solder was applied to the interface between $Bi_2Sr_2Ca_1Cu_2O_x(Bi_{2212})$ superconductor and Cu-Ni shunt metal at the temperature lower than $150^{\circ}C$. Most of the cases, $Bi_{2212}$ superconductor was precoated with Ag by electroplating in order to improve the contact properties of the solder layer. When the superconductor was directly soldered on to the superconductor, the solder was easily separated without external force. The shear strength of the contact between superconductor and shunt metal increased from 69.2 kgf to 74.4 kgf and 80.1 kgf, as the current density of the Ag electroplating was changed from 63 mA to 96 mA and 126 mA, respectively. The contact strength also increased to 49.9 kgf and 69.2 kgf when thickness of the electroplated Ag layer increased to $5{\mu}m$ and $10{\mu}m$, reapectively.

• Industry Promotion Research
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• v.1 no.1
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• pp.143-149
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• 2016

This study verified the relationship on the perception of water reuse R&D support and water reuse vitalization policy. The study results showed that the perception of water reuse importance and effectiveness positively affected the perception of the necessity of water reuse vitalization policy, necessity of supporting water reuse water-saving product company, necessity of investing water reuse(p<.001). Also, gender, education, occupation, type of residence and monthly water rate significantly affected the between-group differences of the perception of water reuse vitalization policy. This study provided implications for preparing water reuse investment and vitalization policy by the relationship on the perception of water reuse R&D support and water reuse vitalization policy.

• Journal of the Korean Institute of Intelligent Systems
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• v.24 no.6
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• pp.579-585
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• 2014

10kW wind turbine is widely studied in the field of renewable energy for the merits of easy installation to the confined area such as hill, park and urban areas. The performance of various electrical devices such as converter and inverter in the wind turbine system should be systematically analyzed for various wind speeds. However, it is impossible to apply these devices directly to practical wind turbine system for the safety of wind turbine system. Therefore, it is required to develop torque simulator which can generate corresponding torque according to its wind speed. In this work, 10kW torque simulator which consists of three phase torque control inverter, 3 phase induction motor and PMSG(Permanent Magnet Synchronous Generator) is developed.

• Journal of Power Electronics
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• v.14 no.5
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• pp.1047-1056
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• 2014

In most grid-connected inverters (GCI) with an LCL filter, since the design of both the LCL filter and the controller is done separately, considerable tuning efforts have to be exerted when compared to inverters using an L filter. Consequently, an integrated co-design of the filter and the controller for an LCL-type GCI is proposed in this paper. The control strategy includes only a PI current controller and a proportional grid voltage feed-forward controller. The capacitor is removed from the LCL filer and the design procedure starts from an L-type GCI with a PI current controller. After the PI controller has been settled, the capacitor is added back to the filter. Hence, it introduces a resonance frequency, which is identified based on the crossover frequencies to accommodate the preset PI controller. Using the proposed co-design method, harmonic standards are satisfied and other practical constraints are met. Furthermore, the grid voltage feed-forward control can bring an inherent damping characteristic. In such a way, the good control performance offered by the original L-type GCI and the sharp harmonic attenuation offered by the latter designed LCL filter can be well integrated. Moreover, only the grid current and grid voltage are sensed. Simulation and experimental results verify the feasibility of the proposed design methodology.

• Journal of Korea Port Economic Association
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• v.26 no.4
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• pp.1-18
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• 2010

The purpose of this paper is to evaluate the green logistics of Korea enterprises. According to participate pan-nationally about environment problems, the field of logistics is required to transfer green logistics like increase efficiency of using energy and construct economic systems. And also environment-friendly policies of enterprises are playing important role. So authors selected and analysed factors through precedent study and questionnaire. Selected factors are cultivation about environment-friendly policy awareness to employees, Utilization environment-friendly resources, decrease of atmosphere pollution substance, company's promotion of outside environment-friendly policy. In order to shed light on these problem, fuzzy AHP method is adopted and the factor of cultivation about environment-friendly policy awareness to employees is the highest weight. And also result of the highest weight between enterprises that set policies about green logistics and factors' are The Korean Air, Glovis, Korea Express synthetically.

• The Transactions of the Korean Institute of Electrical Engineers B
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• v.51 no.9
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• pp.522-529
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• 2002

In this paper, computer simulations of the physical Phenomena occurring in the arc region before and after current zero were carried out to evaluate the thermal recovery characteristics of a Laval nozzle. A commercial CFD program "PHOENICS" is used for the simulation and the user-coded subroutines to consider the arcing phenomena were added to this program by the authors. The computed results were verified by the comparison with the test results presented by the research group of GE Co.(General Electric Company). In order to investigate the state of the arc region after current zero, the simulation was carried out with three steps. They are steady state arc simulation, transient arc simulation before current zero, and transient hot-gas flow simulation after current zero. The semi-experimental arc radiation model is adapted to consider the radiation energy transport and Prandtl's mixing length model is employed as the turbulence model. The electric field and the magnetic field were calculated with the same grid structure used for the simulation of the flow field. The post-arc current was calculated to evaluate the thermal recovery characteristics after current zero. Compared with the results obtained by GE Co., it has been found that the critical RRRV(ratio of rise of recovery voltage) will be determined previously by this study.his study.

• Textile Coloration and Finishing
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• v.8 no.5
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• pp.7-16
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• 1996

The air-flow dyeing machine is a new type of dyeing machine. Which is an energy saving type to be able to dye the fabrics with the lowest liquor ratio and in shorter time. This machine is operated with an aerodynamic system rather than a hyd raulic system for traditional jet or overflow dyeing. An air-flow dyeing machine(Green-flow) by the use of aerodynamic technology was developed and compared with the Luft-roto machine made by Thies Company, Germany, in this study. Three samples were dyed with both machines under the same dyeing conditions and color fastness, dyeing levelness, drapability, and mechanical properties of these samples were compared. The results were as follows; Both machines have almost the same dyeability. The dyeability was good at liquor ratio of 1: 3.5 and the speed of 450yds/min. The order for drapability was Crepe de Chine > Cool Peach > Charmeuse. Except for the color fastness of sublimation being below class 4, most color fastness of samples dyed with Green-flow m/c were above class 4. The maximum speed was 510yds/min. for Crepe de Chine and the standard deviation of K/S value was lower for Charmeuse and Cool Peach when employed on the "Green-flow" machine and lower for Crepe de Chine when employed on the Luft-roto machine. Comparing with dyeing of the Green-flow machine and that of the Luft-roto machine, the RT of the Charmeuse was found to be higher with the Green-flow machine and thus the sample had an improved wrinkle recovery. LT and WT of Cool Peach were higher, and shear properties(G, 2HG, 2HGS) of Crepe de Chine were higher, both turning out as suitable for clothing. clothing.

• Journal of Practical Engineering Education
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• v.8 no.2
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• pp.129-136
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• 2016

In addition to the quantitative growth of domestic field placement, there is a growing interest in global field placement and participation of government and universities is increasing. The global field experience of university students provides students with advanced skills and experience of overseas companies as well as opportunities to acquire foreign language ability and global culture suitable for industrial needs that require global competence. Students can cultivate global mind and major practical skills so that it has the advantage of linking to overseas employment. In order to be successful global field placement, the university has to promote to participate in the company including the curriculum related to the student's major and provide comprehensive support including student safety, but the resources of the university are only limited. In this paper, we propose a method to activate global field placement in cooperation with local partner universities based on Kumoh Institute of Technology case study.