• Journal of the Korean Society of Marine Environment & Safety
• /
• v.29 no.3
• /
• pp.288-295
• /
• 2023

The purpose of this study is to evaluate the feasibility of the new marine leisure ships. In order to achieve the research purpose, the cost and income were calculated based on the operating of other marine leisure ships, and the feasibility of the project was empirically analyzed. This study established a research model that applies the values derived by empirically analyzing ships with similar specifications, to the new marine leisure ships. We then calculated the cost-benefit analysis, net present value, and internal return, and evaluated the feasibility of the project based on this. As a result of the business feasibility analysis of investing in marine leisure ship, it was found that economic feasibility exists with a B/C of 1.042 and 1.049 for new and secondhand ships, respectively; however, considering the stability of the ship and the publicity and continuity of the business operation, it is recommended to invest in new ships compared to secondhand ships. The total benefit over the 10-year operating period using a social discount rate of 4.5% was evaluated to be about KRW 292.0 billion, which is higher than the total cost of KRW 256.6 billion. In conclusion, the profitability analysis showed that the B/C was 1.042, the NPV was KRW 193 billion, and the IRR was 2.1%, which indicates that profitability is weakly secured.

• Journal of the Korean Society for Railway
• /
• v.9 no.1 s.32
• /
• pp.23-28
• /
• 2006

Many services have been served by the exiting subway systems since they have opened in 1975. But its efficiency and competition were going down because of the high construction cost and difficult connection with other transportations, etc. Otherwise, the light rail transit system is much lower construction cost than the subway and the high way building. Also those systems are good at the inexpensive operation cost, the fixed time and safety, the easy access. Recently, the several provinces are planning or advancing the light rail transit system because of these many benefits. Consequently, those system's economical feasibility analysis is required rapidly to show the resonable construction's cause and to get the private investment. This paper offers the system's economical feasibility through the several benefit analysis after the light rail transit system's construction.

• Proceedings of the KSRS Conference
• /
• 2003.11a
• /
• pp.186-188
• /
• 2003

Rail Route Alignment in hilly terrain is a difficult task to implement as several natural constraints poses threat to the safety and stability of the alignment. The conventional methods followed to find out the final location survey or the feasibility analysis for alignment is time taking consuming. Some times, due to inaccessibility of the terrain it becomes impossible to carry out such works. The construction works in hilly terrain, which are associated with the proposed alignment, are not same as carried out in plane areas due to a vast contrast between the two areas. Different geological structures such as faults, thrusts, synclines and anticlines are a big problem to carry out normal construction practices. Thus for a safe and stable railway route in the unstable hilly areas, it is required to carry out the feasibility analysis of the proposed alignment to assist the policy makers for a successful implementation of the alignment. In the present work Remote Sensing and GIS has been successfully used to carry out geological feasibility and slope stability analysis for rail route alignment work.

• Journal of the Korean Society of Industry Convergence
• /
• v.27 no.2_1
• /
• pp.277-285
• /
• 2024

Hydrogen is considered a key energy source to achieve carbon neutrality through the global goal of 'net zero'. Due to limitations in producing green hydrogen domestically, Korean companies are interested in importing green hydrogen produced overseas. The Middle East has high-quality solar energy resources and is attracting attention as a region producing green hydrogen using renewable energy. To build a green ammonia plant, optimization of the production facility configuration and economic feasibility analysis are required. It is expected that it will contribute to reviewing the economic feasibility of constructing overseas hydrogen production plants through preliminary economic feasibility analysis.

• International conference on construction engineering and project management
• /
• 2013.01a
• /
• pp.602-607
• /
• 2013

Financial risks associated with capital investments are often measured with different feasibility indicators such as the net present value (NPV), the internal rate of return (IRR), the payback period (PBP), and the benefit-cost ratio (BCR). This paper aims at demonstrating practical applications of probabilistic feasibility analysis techniques for an integrated feasibility evaluation of the IRR and PBP. The IRR and PBP are concurrently analyzed in order to measure the profitability and liquidity, respectively, of a cash flow. The cash flow data of a real wind turbine project is used in the study. The presented approach consists of two phases. First, two newly reported analysis techniques are used to carry out a series of what-if analyses for the IRR and PBP. Second, the relationship between the IRR and PBP is identified using Monte Carlo simulation. The results demonstrate that the integrated feasibility evaluation of stochastic cash flows becomes a more viable option with the aide of newly developed probabilistic analysis techniques. It is also shown that the relationship between the IRR and PBP for the wind turbine project can be used as a predictive model for the actual IRR at the end of the service life based on the actual PBP of the project early in the service life.

• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2023.05a
• /
• pp.273-274
• /
• 2023

Although there are many old school buildings that is more than 40 years in Korea, it is difficult to rebuild all of them due to limitations in budget management. Therefore, objective feasibility evaluation criteria are necessary to determine which school buildings should be rebuilt preferentially among the numerous old school buildings. One of the rebuilding feasibility evaluation items, economic evaluation generally requires documents such as construction statements and facility drawings. However, because most buildings older than 40 years do not have these documents, an economic analysis model that requires only basic building information should be developed. In this study, the economic analysis model that can be used for evaluating the rebuilding feasibility only with the number of years, total floor area, and structural information of school buildings was established. This model can contribute to the objective feasibility evaluation of old school buildings because it can evaluate numerous buildings on the same criteria based on basic building information.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• autumn
• /
• pp.454-459
• /
• 2003

Feasibility study on large scale projects like an investment on infrastructure development is very important because it provides fundamental data which determine the total investment size and duration. However, previous feasibility studies have a few problems of ambiguous estimation standards, unsystematical estimation methods, and so on. Accordingly, this study intends to regulate tile problems on economic feasibility as well as financial feasibility study which have been considered more critical in recent time, subsequently presents a reform measure. Also, this study identifies predictable risks during the feasibility study, presents a scheme which lets investor and owner control the risk themselves through a process which uses theoretical and political management plans.

• Journal of the Korean Society of Safety
• /
• v.35 no.3
• /
• pp.32-42
• /
• 2020

In this study, in order to secure the necessity of introducing the safety certification system for the assembled temporary equipment and materials, the feasibility of the introduction was analyzed through literature review, structural analysis, and actual experiments and surveys related to the assembled temporary equipment and materials. In the previous studies, it was found that the research on the assembled temporary equipment and materials was insufficient, and it was possible to grasp the necessity of introducing the safety certification system for the assembled temporary equipment and materials. In addition, in the results of the serious accident analysis, it was found that the soundness of the temporary equipment and materials is determined by the structural characteristics after it was assembled. As a result of the feasibility analysis of the introduction of the safety certification of the assembled temporary equipment and materials through structural analysis, it is possible to effectively and rationally reflect the main geometrical influence factors, and to introduce the safety certification system that can test the procedures and procedures of the assembled temporary equipment and materials and based on it. It was found that there is a need. As a result of feasibility analysis on the necessity of introducing the safety certification system for assembled temporary equipment and materials through actual experiments, the existing single member performance evaluation has limitations in evaluating the structural performance of the assembled temporary equipment and materials. It was found that there is a need to introduce a safety certification system. As a result of gathering opinions on the feasibility of introducing the safety certification system for assembled temporary equipment and materials of manufacturers and users through the survey, it was found that the overall positive response result was high and the effectiveness was high.

• New & Renewable Energy
• /
• v.1 no.3 s.3
• /
• pp.42-50
• /
• 2005

This paper deals with the economic feasibility model and analysis of a hydrogen fuel-cell vehicle [FCV] against two similar types of non-business vehicles fueled with gasoline [GV] and diesel [DV] considering greenhouse gas [GHG]. Considering the price of vehicles and annual operating cost, we build a classical economic feasibility model. Since the economic feasibility could be affected by many input factors such as the prices of vehicles, the price of fuels, annual driving distance and so on, we estimate the average future values of input factors, which is defined as "the average case". Based on the average case, we assess the representative economic feasibility of a FCV with/without GHG, and by changing various annual driving distances, we assess its economy in terms of net-present value, internal rate of return, and payback period. In addition, we make some sensitivity analysis of its economic feasibility by changing the values of the critical input factors one at time. Based on the average case, it turns out that the consumer of a FCV could save 25,000 won/year for a GV, but the consumer could pay 120,000 won/year more for a DV. This indicates that gasoline vehicles could be replaced gradually by FCVs in Korean market which might be formed by those consumers driving annually more than approximately 14,800 km. As the results of our sensitivity analysis, it turns out that a FCV is no more economical if the difference of the prices between FCV and GV is more than 10,130,000 won or the price of hydrogen fuel could be more than 5,136 won/kg.

• Korean Journal of Construction Engineering and Management
• /
• v.14 no.4
• /
• pp.152-163
• /
• 2013

In this research, we analyse the economic feasibility of a tidal power plant project which can efficiently generate mass, permanent, predictable, and homogeneous electric power. For the economic feasibility analysis, we used the RETScreen that is developed at the CANMET Energy Technology Center in Natural Resources Canada and widely utilized for analysing the economic feasibility and sensitivity of clean energy projects. Results from the feasibility and sensitivity analysis showd that the tidal power plant project in Korea has a enough economic feasibility, and its feasibility increases more as certified emission reductions price and electricity unit price increase. Based on the results from the feasibility study, we can solve the energy problems to be come in near future by constructing the tidal power plants in Korea more aggressively.