• Title/Summary/Keyword: long-term cost

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An Economic Analysis on Slush Hydrogen Containing Liquid and Solid Phase for Long-Term and Large-Scale Storage (장주기/대용량 수소저장을 위한 액체/고체기반 Slush 수소의 저장 비용 분석)

  • PARK, SUNGHO;LEE, CHANGHYEONG;RYU, JUYEOL;HWANG, SEONGHYEON
    • Transactions of the Korean hydrogen and new energy society
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    • v.33 no.3
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    • pp.247-254
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    • 2022
  • Slush hydrogen containing liquid and solid hydrogen is expected to achieve zero boil-off by suppressing boil-off gas because heat of fusion for solid absorbe the heat ingress from atmosphere. In this paper, quantitative analysis on storage cost considering specific energy consumption between 1,000 m3 class liquid hydrogen storage system with re-liquefaction and slush hydrogen storage system during equivalent zero boil off period. Even though approximately 50% of total storage capacity should be converted into solid phase during the initial cargo bunkering, total energy consumption to convert into slush hydrogen is relatively 25% less than re-liquefaction energy for boil off hydrogen during zero boil off period. That's because energy consumption of slush phase change take up only 1.8% of liquefaction energy. moreover, annual revenue requirement including CAPEX, OPEX and electric cost for slush hydrogen storage could be more reduced approximately 32.5% than those of liquid hydrogen storage and specific energy storage cost ($/kg-H2) could also be lowered by about 41.7% compared with liquid hydrogen storage.

Long-term Policy Development for the Aged on Medical and Health Care Security (노인의료보장 및 건강관리를 위한 장$cdot$단기 대책)

  • Rhee Seonja;Lee Yoon Sook
    • Journal of Korean Public Health Nursing
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    • v.5 no.1
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    • pp.70-95
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    • 1991
  • The ageing problem of the population has been emerging in Korea since 1970's so that it is expecting the elderly 65 years and over among the total population from $4.5\%$ in 1988 to be $6.3\%$ in year 2000. This study was conducted to provide secure policy development in coming years for the aged on medical and health care aspects based on the examining current status of the aged problems and health care policies and systems. The study divided into four parts; The first part examined the medical insurance program and public assistance program of the health services in relation to the aged. The second part emphasized on reduction of medical care cost for the aged. The third part studied the regular health check-up program and health education for the aged. The fourth part examined the chronic disease management programs for the aged and strategies of the health care service quality improvement and specialized programs. The following recommendations made as the results of the study. 1. At present, the medical insurance program and public assistance program for the medically indigent is not appropriate to the elderly because it is a part of general medical insurance program so that Health Security Law for the Aged is proposed. 2. Medical cost will be increased due to the high occupancy rate of hospital beds and long stay of the elderly so that it is recommended to develop an early discharge program, home health care program, Health hospice and an althernative programs. 3. At present, a regular health check-ups for the elderly is not included in medical insurance program so that it is recommended to be included in the insurance program and at the same time health education program thoroughly developed for the aged. 4. To make proper medical and nursing services on chronic diseases for the elderly, it is recommended manpower development, specialized clinics or hospitals, nursing homes and an equivalent long term care facilitices should be established on the community based and a research institutions also to be related to supper the care programs.

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The developing optimum maintenance cost model for water pipe network by waterworks business characteristics (수도사업자의 경영환경을 고려한 상수도관망 적정 유지관리비 산정 모델 개발 연구)

  • Kim, Kibum;Kim, Changhwan;Shin, Hwisu;Seo, Jeewon;Hyung, Jinseok;Koo, Jayong
    • Journal of Korean Society of Water and Wastewater
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    • v.31 no.1
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    • pp.51-62
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    • 2017
  • For the asset management of a water pipe network, it would be necessary to understand the extent of the maintenance cost required for the water pipe network for the future. This study would develop a method to draw the optimum cost required for the maintenance of the water pipe network in waterworks facilities to maintain the aim revenue water ratio and to achieve the target revenue water ratio, considering the water service providers' waterworks condition and revenue water ratio comprehensively. This study conducted a survey with 96 water service providers as of the early 2015 and developed models to estimate the optimum maintenance cost of the water pipe network, considering the characteristics of the water service providers. Since the correlation coefficient of all the developed models was higher than 0.95, it turned out that it had significant reliability, which was statistically significant. As a result of applying the developed models to the actual water service providers, it was drawn that increasing revenue water ratio to more than a certain level can reduce the maintenance cost of the water pipe network by a great deal. In other words, it is judged that it would be the most efficient to secure the reliability of waterworks management by increasing the short-term revenue water ratio to more than a certain level and gradually increase the revenue water ratio from the long-term perspective. It is expected that the proposed methodology proposed in this study and the results of the study will be used as a basic research for planning the maintenance of water pipe network or establishing a plan for waterworks facilities asset management.

Comparison of Fentanyl-Based Rapid Onset Opioids for the Relief of Breakthrough Cancer Pain: Drug Price Based on Effect Size

  • Seongchul Kim;Hayoun Jung;Jina Park;Jinsol Baek;Yeojin Yun;Junghwa Hong;Eunyoung Kim
    • Korean Journal of Clinical Pharmacy
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    • v.33 no.1
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    • pp.43-50
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    • 2023
  • Background and Objective: With the advancement of cancer treatments and increased life expectancy, managing breakthrough cancer pain (BTcP) is essential to improve the quality of life for cancer patients. This study aimed to compare the major rapid onset opioids in Korea based on their characteristics and costs to determine the best option for each patient. Methods: Based on sales information from IQVIA-MIDAS, sublingual fentanyl tablet (SLF), fentanyl buccal tablet (FBT), and oral transmucosal fentanyl citrate (OTFC) were selected as the top three drugs for the treatment of BTcP in Korea, considering them the most comparable drugs. The cost and cost-pain relief ratio of the drugs for short-term (1 month) and long-term (1 year) treatment were compared and the ease of administration based on various factors, including pharmacokinetics, onset of action, and administration procedures were evaluated. Results: SLF was evaluated as the best overall in terms of rapid onset of action, ease of administration, and drug cost and also had the highest market share. SLF had the lowest cost pain relief ratio for both the initial and supplemental treatment for the 1-month pain intensity difference 15 (PID15) ratio. However, for the 1-month PID30 ratio, SLF was not superior to OTFC or FBT. The longer the breakthrough cancer pain duration, the more cost-effective the other rapid onset opioids. Conclusion: The rapid onset opioids that fit the patient's breakthrough cancer pain pattern have the best cost-effectiveness.

A Study on Optimal Reliability Criterion Determination for Transmission System Expansion Planning

  • Tran Trungtinh;Choi Jae-Seok;Jeon Dong-Hoon;Chu Jin-Boo;Thomas Robert;Billinton Roy
    • KIEE International Transactions on Power Engineering
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    • v.5A no.1
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    • pp.62-69
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    • 2005
  • The optimal design of transmission system expansion planning is an important part of the overall planning task of electric power system under competitive electricity market environments. One of main keys of the successful grid expansion planning comes from optimal reliability level/criteria decision, which should be given for constraint in the optimal expansion problem. However, it's very difficult to decide logically the optimal reliability criteria of a transmission system as well as generation system expansion planning in a society. This paper approaches a methodology for deciding the optimal reliability criteria for an optimal transmission system expansion planning. A deterministic reliability criteria, BRR (Bus Reserve Rate) is used in this study. The optimal reliability criteria, BRR/sup */, is decided at minimum cost point of total cost curve which is the sum of the utility cost associated with construction cost and the customer outage cost associated with supply interruptions for load considering bus reserve rate at load buses in long term forecasting. The characteristics and effectiveness of this methodology are illustrated by the case study using IEEE-RTS.

An Option Pricing Model for the Natural Resource Development Projects (해외자원개발사업 평가를 위한 옵션가격 결정모형 연구)

  • Lee, In-Suk;Heo, Eunnyeong
    • Environmental and Resource Economics Review
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    • v.13 no.4
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    • pp.735-761
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    • 2004
  • As a possible alternative to Traditional Discounted Cash Flow Method, "Option Pricing Model" has drawn academic attentions for the last a few decades. However, it has failed to replace traditional DCF method practically due to its mathematical complexity. This paper introduces an option pricing valuation model specifically adjusted for the natural resource development projects. We add market information and industry-specific features into the model so that the model remains objective as well as realistic after the adjustment. The following two features of natural resource development projects take central parts in model construction; product price is a unique source of cash flow's uncertainty, and the projects have cost structure from capital-intense industry, in which initial capital cost takes most part of total cost during the projects. To improve the adaptability of Option Pricing Model specifically to the natural resource development projects, we use Two-Factor Model and Long-term Asset Model for the analysis. Although the model introduced in this paper is still simple and reflects limited reality, we expect an improvement in applicability of option pricing method for the evaluation of natural resource development projects can be made through the process taken in this paper.

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Health and Economic Burden Attributable to Particulate Matter in South Korea: Considering Spatial Variation in Relative Risk (지역간 상대위험도 변동을 고려한 미세먼지 기인 질병부담 및 사회경제적 비용 추정 연구)

  • Byun, Garam;Choi, Yongsoo;Gil, Junsu;Cha, Junil;Lee, Meehye;Lee, Jong-Tae
    • Journal of Environmental Health Sciences
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    • v.47 no.5
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    • pp.486-495
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    • 2021
  • Background: Particulate matter (PM) is one of the leading causes of premature death worldwide. Previous studies in South Korea have applied a relative risk calculated from Western populations when estimating the disease burden attributable to PM. However, the relative risk of PM on health outcomes may not be the same across different countries or regions. Objectives: This study aimed to estimate the premature deaths and socioeconomic costs attributable to long-term exposure to PM in South Korea. We considered not only the difference in PM concentration between regions, but also the difference in relative risk. Methods: National monitoring data of PM concentrations was obtained, and missing values were imputed using the AERMOD model and linear regression model. As a surrogate for relative risk, hazard ratios (HRs) of PM for cardiovascular and respiratory mortality were estimated using the National Health Insurance Service-National Sample Cohort. The nation was divided into five areas (metropolitan, central, southern, south-eastern, and Gangwon-do Province regions). The number of PM attributable deaths in 2018 was calculated at the district level. The socioeconomic cost was derived by multiplying the number of deaths and the statistical value of life. Results: The average PM10 concentration for 2014~2018 was 45.2 ㎍/m3. The association between long-term exposure to PM10 and mortality was heterogeneous between areas. When applying area-specific HRs, 23,811 premature deaths from cardiovascular and respiratory disease in 2018 were attributable to PM10 (reference level 20 ㎍/m3). The corresponding socioeconomic cost was about 31 trillion won. These estimated values were higher than that when applying nationwide HRs. Conclusions: This study is the first research to estimate the premature mortality caused by long-term exposure to PM using relative risks derived from the national population. This study will help precisely identify the national and regional health burden attributed to PM and establish the priorities of air quality policy.

Thermal Performance Analysis for the Low-Cost Solar System with Trickle-Collector (유하식 집열기를 이용한 저가 집열 시스템의 성능해석)

  • Kim, Bu-Ho;Lee, Dong-Won
    • Solar Energy
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    • v.10 no.3
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    • pp.19-26
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    • 1990
  • Theoretical analysis for the thermal performance on the low-cost trickle collector, which is easy to manufacture and construct, has been performed. The results were in reasonably good agreement with those of the experiments. They have been applicable to predict long-term thermal performance on the low-cost solar collecting system. The dialogue type of computer program has been written based on the f-chart method and it can be used for designing a these collecting system, and investigating its economic feasibility.

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A Study on the Environmentally-friendly Planning Factors of Permanent Rental Housing (영구임대주택 친환경 계획요소에 관한 연구)

  • Park, Eun-Mi;Shin, Nam-Soo
    • Proceedings of the Korean Institute of Interior Design Conference
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    • 2006.05a
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    • pp.165-168
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    • 2006
  • This study beings from solving problems of permanent rental housing with environmentally-friendly planning factors to raise quality of life. Environmentally-friendly planning factors of permanent rental housing are derived from the study of references and green building certification systems of other countries. Surveys of inhabitants and experts give weights on these factors. Inhabitants do are focussed natural ventilation, life cycle cost, operation and maintenance cost. This reflects their interest in indoor amenity and a burden on the cost. Experts put more weights on pedestrian spaces considering the old and feeble persons and block planning. Besides, T-test pointed out that there are meaningful differences in land use between inhabitants and experts. Though inhabitants' opinion has priority because they are real user, experts' opinion which has the variety and the view in the long term should be reflected.

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Generation Mix Analysis based on the Screening Curve and WASP-IV Techniques (탐색곡선법과 WASP-IV 모형을 이용한 국내 적정 전원구성 분석)

  • Jang, Se-Hwan;Park, Jong-Bae;Roh, Jae-Hyung
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.61 no.4
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    • pp.534-541
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    • 2012
  • This paper tries to elicit an optimal generation mix of Korea. Two approaches, using the screening curve method and taking advantage of a generation expansion planning tool, WASP-IV, are applied in getting the mix. The data used in this study is based on the 5th basic plan for long-term electricity supply and demand. The Load Duration Curve, that is needed for applying Screening Curve Method(SCM), is made based on the load profile in 2010. In our using SCM, the nuclear plant's operation characteristic, carbon emission cost and spinning reserve are considered. In using WASP-IV to get the adequate generation mix, the base and target demand forecasts in the 5th basic plan are used and the carbon emission cost is also considered. In this paper, It introduces the domestic adequacy generation mix in 2024 though SCM and WASP-IV.