• Title/Summary/Keyword: investment ratio

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A Study on the Evaluation of Fuel Characteristic and Economic Benefit for Co-combustion of Dried Sewage Sludge with Coal (건조 하수슬러지의 석탄 혼소를 위한 연료특성 및 경제성 평가에 관한 연구)

  • Kang, Jeong Hee;Kang, Jong Yun;Lee, See Hyung;Kim, Byung Tae;Lee, Nam-Hoon
    • Journal of the Korea Organic Resources Recycling Association
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    • v.22 no.1
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    • pp.11-19
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    • 2014
  • A study on combustion characteristic and evaluation of cost benefit were carried out using dried sewage sludge to evaluate co-combustion with coal in a coal-fired power plant. In the result of proximate analysis, sewage sludge has 78.09%, 79.65% of moisture content in A STP(Sewage Treatment Plant) and B STP, respectively. The dried sewage sludges show 0.12, 0.14 of fuel ratio value, respectively and over 30,000kcal/kg of combustible index. It means that the dried sewage sludges needs to reform from the results of fuel ratio and combustible index. As a results of the economical benefit evaluation of dried sewage sludge, about 73.4 million won through using the dried sewage sludges instead of coal and 56.4 million won through REC(Renewable Energy Certificate) cost were saved, respectively. On the other hand, it occurs 4.2 million won of additional cost related to ash disposal and 2.6 million won of investment/operation cost for co-combustion facility. In conclusion, co-combustion of dried sewage sludges with coal in a coal-fired power plant saves about 123 million won. However, it needs to consider for power supply to produce dried sewage sludges and opportunity cost for environmental pollution and so on to evaluate more reasonable benefit of co-combustion.

A Study on the Revitalization of Container Cargoes in Donghae Port Using IPA Technique (IPA기법을 활용한 동해항 컨테이너 활성화 강화 방안에 관한 연구)

  • Park, Young-il;Nam, Tae-Hyun;Ma, Hye-Min;Yeo, Gi-Tae
    • Journal of Digital Convergence
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    • v.16 no.3
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    • pp.275-289
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    • 2018
  • It is necessary to develop a bridgehead port for trading with northern countries to promote trade through the East Sea because the East Sea Rim economic bloc around the Northeast Asia including South Korea, China, Russia, Japan, and North Korea has a high growth potential in the future. Therefore, this study aims to suggest a strategic direction to enhance the competitiveness of Donghae Port through reinforcement of container cargoes by conducting Importance-Performance Analysis (IPA) for stakeholders of Donghae Port. The analysis results suggest that it is necessary to improve the five evaluation factors: attractiveness of container and bulk volumes, appropriate ratio of export/import container quantities, frequency of vessel entry and diversity of sea routes, convenience of complex linked transportation, and competitiveness of cargo handling equipment. The implications of this study are as follows. First, it is necessary to continuously research the current status of container and bulk cargo volumes of the port and ways to increase the absolute cargo volume. Second, we need to consider realistic alternatives to improve the ratio of export/import container quantities. Third, in terms of network, we should establish a service improvement plan to increase the frequency of port calls and the diversity of sea routes. Furthermore, incentives should be provided to increase the trade volume of Donghae Port through strengthened complex linked transportation function. Finally, it is urgently necessary to provide investment support for container handling equipment as an essential requirement for the activation of the container cargoes in Donghae Port.

A Study on Cost-Benefit Analysis for Geographic Information (국토지리정보의 비용편익(B/C) 분석)

  • Kim, Kye-Hyun;Park, Hong-Gi;Kim, Kwang-Ju;Choi, Hoon-Sung;Song, Yong-Cheol;Park, Tae-Og
    • Journal of Korean Society for Geospatial Information Science
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    • v.10 no.4 s.22
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    • pp.85-93
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    • 2002
  • Since the National Geographic Information System(NGIS) project of 1995, the geographic information projects have been promoted in various areas such as central and local governments. In the fact that large scale budget has been invested to geographic information projects as a national policy, the cost-benefit analysis would be essential to enhance the efficiency of the resource allocation. In this circumstance, this study analyzes the costs and benefits of geographic information produced by NGI(National Geography Institute). As a result of the cost-benefit analysis, the total amount of benefits were estimated approximately 620 million dollars and the accumulated ratio of the cost to benefit was 1 to 4.4. Also, the internal ratio of the benefit was 38%, which justified the large scale investment. In case of adding qualitative benefits which can not be measured in a quantitative term, the overall benefits from using such geographic information would be much higher than quantitative benefits. Further research work is required for more objective verification of the large scale national project such as building nationwide geographic information.

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Economic Evaluation with Uncertainty Analysis of Glycerol Steam Reforming for the H2 Production Capacity of 300 m3 h-1 (수소 생산 규모 300 m3 h-1급 글리세롤 수증기 개질반응에 대한 경제적 불확실성 분석)

  • Heo, Juheon;Lee, Boreum;Kim, Sehwa;Kang, Sung-Mook;Lim, Hankwon
    • Applied Chemistry for Engineering
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    • v.29 no.5
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    • pp.589-593
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    • 2018
  • In this paper, an economic evaluation with the uncertainty analysis using a Monte-Carlo simulation method was performed for the glycerol steam reforming to produce $H_2$ at a capacity of $300m^3h^{-1}$. Fluctuations in a unit $H_2$ production cost were identified based on the variation of key economic factors at ${\pm}10-{\pm}40%$ and the probability of 30.9% was obtained for a previously reported unit $H_2$ production cost of 5.10 $ $kgH{_2}^{-1}$. In addition, fluctuations in the B/C ratio were obtained by varying the fixed capital investment (${\pm}20%$), cost of manufacturing (${\pm}20%$), revenue (${\pm}20%$), and discount rate (2-10%) and the probability ranging from 17 to 55% was observed to meet a minimum B/C ratio of 1 for the economic feasibility of the glycerol steam reforming to produce $H_2$.

A Study on Estimation of Levee Safety Map for Determining the Priority of River Maintenance (하천 유지관리 우선순위 결정을 위한 제방안전도맵 산정방법 연구)

  • Yoon, Kwang Seok;Kim, Sooyoung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.12
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    • pp.17-25
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    • 2017
  • Owing to recent climate change, the scale of rainfall tends to increase gradually and the risk of flooding has increased. Therefore, the importance of improving the levee management and disaster response is increasing. Levee management in Korea is carried out at the level of damage recovery after the occurrence of damage. Therefore, it is necessary to develop a technology for predicting and managing the levee safety with proactive river management. In this study, a method to estimate the safety against erosion and overflow was suggested. A map of levee safety that can be used as basic data is presented by displaying the levee safety on the map. The levee erosion safety was calculated as the ratio of the internal and external force for each shore type. The levee overflow safety was calculated as the ratio of the maximum conveyance and design flood. The maximum conveyance was a discharge when the level of the river was equal to the level of the levee crown. The levee safety was classified into 5 grades: very safe, safe, normal, dangerous, and very dangerous. As a research area from downstream of Nam River Dam to Nakdong River Junction, the levee safety against erosion and overflow was estimated for all levees and all cross-sections of the river. The levee safety was displayed on a map using GIS. Through the levee safety map as a result of this study, the levee safety can be observed intuitively. Using the levee safety map, a maintenance plan for a river can be easy to build. This levee safety map can be used to help determine the priority of investment for efficient budget used.

Calculation of Travel Time Values in Seoul Metropolitan Area Considering Unique Travel Patterns (수도권 통행 특성을 고려한 통행시간가치 산정 연구)

  • KIM, Kyung Hyun;LEE, Jang-Ho;YUN, Ilsoo
    • Journal of Korean Society of Transportation
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    • v.35 no.6
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    • pp.481-498
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    • 2017
  • Travel time reduction benefit is the most important benefit item in the feasibility study of transportation infrastructure investment projects and calculated by using the value of travel time. The current feasibility study guideline (5th edition) calculate the value of non-business ravel time in a metropolitan area, using the ratio of the value of non-business travel time to business travel time calculated based on the nationwide inter-regional traffic survey data of 1999. The characteristics of metropolitan trips are different from those of nationwide regional trips. Metropolitan trips have frequent transfers between multiple public transits and long-time commuter trips. Therefore, this research aims to calculate the value of travel time reflecting traffic characteristics in a metropolitan area by improving the limitation of current calculation methods. To reflect these characteristics, this research extracts commuter trips from non-business trips and calculates the value of travel time for commuter trips. The results of the likelihood ratio test for the commuter trip model and the non-business trip model are found to be statistically significant. An integrated public transportation model was also estimated in this study to reflect the trip conditions of the Seoul metropolitan area integrated fare system. The results of comparing coefficients between bus and subway in the integrated public transit model indicated that there were no statistically significant differences between the two modes.

Some Factors Affecting Profitability of Local Public Hospitals (지방의료원의 재무성과 영향요인)

  • Park, Jong-Young
    • Korea Journal of Hospital Management
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    • v.12 no.3
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    • pp.47-67
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    • 2007
  • This paper aims at suggesting several ways lo change financial vulnerability and to improve managerial capability of local public hospitals (LPHs) in Korea through the identification of factors affecting profitability. Several findings of the research are as follows: To begin with, LPHs exhibited a statistically significant difference in their profitability from one another, according to tile analyses of their profitable margins from tile general characteristics. It depends on the number of hospitals in the area, the population of the hospital-built area, the number of competing hospitals, the number of staff per 100 beds, the opening of special clinic, the educational function, and the capacity of rooms. However, there was no variable in the managerial characteristics, presenting a significant difference, in contrast with hospitals which have been managed by private companies and made a great amount of profits. Second, according to the analyses of profit differences in behavioral effort-characteristics, a statistically significant difference was revealed upon the basis of the efforts to improve the clinic service, invite special patients, and shorten the period of being hospitalized. Third, the result of analyses about the difference of profitability from medical care and finance is statistically significant in the rate of labor cost, the rate of management cost, bed-occupancy rate, and the period of being hospitalized. Fourth, according to the analyses of the factors influencing the net profit ratio of the entire capital, Adjusted explanatory power(Adjusted $R^2$) was shown up to 65.2%, which is high. To compare the adjusted explanatory power stage by stage, the first stage model applying only two variables such as structural and strategic characteristics exhibited 23.8%, and the second stage model adding financial characteristics showed 51.5%. The explanatory power was much improved up to 65.2% when the third stage model incorporated the outcome of medical care performance. When the return on investment(ROI) was examined by using the multi-variate linear regression analysis at the final model of third stage, it was found that ROI had a positive relationship with the increase rate of patients, labor costs per doctor, and medical care rate of socially protected inpatients. However, it revealed that ROI had a negative relationship with the ratio of labor costs, the number of patients per managerial staff, and occupancy rate of rooms, respectively. The research suggests that in order for LPHs to increase profitability, LPH, should make efforts not only to attract patients to the hospitals without any discrimination of the patients depending on their financial status, but also to develop efficient management methods to reduce labor costs.

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A Study of the Proper Sizing of a Subway Station Waiting Area (도시철도 대기공간의 적정규모 산정에 관한 연구)

  • Kim, Jonghwang;Baek, Sungjoon;Nam, Doohee
    • Journal of the Korean Society for Railway
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    • v.19 no.2
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    • pp.262-269
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    • 2016
  • Subway station scales are determined by peak predictions. In this study, the purpose behind the installation of a subway is public transportation convenience and public interest, but economic validity is also important. By proving that the scale of the station is excessive with regard to the target station size for Seoul subway Line 5-8, a reasonable plan. can be sought. According to station installation standards, the area of the station under investigation here is out of the service levels by six stages (A~F), and it must be four or more levels (D). The Actual level for the B level is a two-step design. The Actual ratio for over- Peak predictions is only 17.8% on average. The results of measurements of the excess area and determination of the excessive costs were analyzed by subdividing the area and by calculating it based on the B level, finding that it is possible to provide benefits for customers only in the current design, with an area ratio of 16.3%. Given the weight, it was estimated that current conditions can meet the needs of only 18.6% of the current area. Simplifying the scale calculation method of the station, it is convenient, safe, and advantageous to move citizens only if the scale can be streamlined. Then, with a reduced initial investment, maintenance costs during the operation can be reduced.

Emergy Analysis Overview of Korea (한국의 자연환경과 경제에 대한 EMERGY분석)

  • ;Howard T. Odum
    • Journal of Environmental Science International
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    • v.3 no.2
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    • pp.165-175
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    • 1994
  • An emergy analysis of the main energy flows driving the economy of humans and life support systems was made including environmental energies, fuels, and imports, all expressed as solar emjoules. The total emergy use (4, 373 E20 sej/yr) is 90 per cent from imported sources, fuels and goods and services. The emergy flows from the environment are modest, because the share of global inputs such as ruin and geological uplift flux is modest. Consequently, the ratio of outside investment to attracting natural resources is already large, like other industrialized countries. The population level is already in excess of carrying capacity. The emergy use per person in Korea indicates a moderate emergy standard of living, even though the indigenous resource is very poor. If the present economy were running entirely on stored reserves of fuels, soils, woods, etc., it would last about 2 years. Its carrying capacity for steady state on its renewable sources is only 3.3 million people, compared to 43.3 million in 1991. Continued availability of foreign oil at a favorable balance of emergy trade, currently about 7 to 1 net emergy, is the basis for present economic activity and must decrease as the net emergy of foreign oil purchased goes down. Close economic integration with Middle East may determine how long this is possible in the future.

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Studies on the Condition and the Future of Korean Forestry (우리나라 임업(林業)의 현황(現況)과 장래(將來)에 관(關)한 소고(小考) (일본(日本) 임업(林業)과의 비교(比較)))

  • Kim, Young Ho
    • Current Research on Agriculture and Life Sciences
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    • v.4
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    • pp.163-168
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    • 1986
  • This study was carried out to compare the conditions of Korean and Japanese forestry. Two countries were appeared same trend in forestry condition, so our forestry in future can be estimated with compared Japanese forestry, but the results obtained are as follows ; 1) The average forest area per capita of the world, Japan and Korea are 0.9, 0.23 and 0.16 ha, respectively, this means that Korean forest area is not sufficient. The growing stock of forest per capita is $22.5m^3$ in Japan and $3.9m^3$ in Korea, but timber consumptions per capita are $1m^3$ in Japan and $0.2m^3$ in Korea. Those mean that both countries have not a plentiful resource of forestry. 2) The forestry production activity becomes gradually stagnation. Both in Korea and Japan, the reforestation and stumpage felling area show gradually decreasing tendency, the artificial forest ratio of total forest area is, at present, 28% in Korea and 40% in Japan. 3) In forestry demand aspect, the ratio of imported timber is 79% in Korea and 62.4% in Japan. Because the price index of timber is lower than the general price index, the dullness of forestry-related industries is expected in future. 4) The forestry labour supply has gradually difficulty because of the reduction in farming labour. 5) The managements of national forests show deficit operation, at present, both in Korea and Japan. The results above mentioned are derived form the poor forest resources, therefore, it is considered that rather more and continuous investment is necessary, but also forestry should be invested in the territorial conservation aspect.

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