• Journal of Korean Society of Industrial and Systems Engineering
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• v.45 no.4
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• pp.21-30
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• 2022

To mitigate the environmental impacts of the energy sector, the government of South Korea has made a continuous effort to facilitate the development and commercialization of renewable energy. As a result, the efficiency of renewable energy plants is not a consideration in the potential site selection process. To contribute to the overall sustainability of this increasingly important sector, this study utilizes the Black-Scholes model to evaluate the economic value of potential sites for off-site wind farms, while analyzing the environmental mitigation of these potential sites in terms of carbon emission reduction. In order to incorporate the importance of flexibility and uncertainty factors in the evaluation process, this study has developed a site evaluation model focused on system dynamics and real option approaches that compares the expected revenue and expected cost during the life cycle of off-site wind farm sites. Using sensitivity analysis, this study further investigates two uncertainty factors (namely, investment cost and wind energy production) on the economic value and carbon emission reduction of potential wind farm locations.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.45 no.1
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• pp.83-90
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• 2022

This study deals with replacement analysis of deteriorated equipment for improving productivity of production system. Frequent breakdown of the deteriorated equipment causes a situation that reduces productivity such as low product quality, process delay, and repair cost. However, the replacement of new equipment will be required a high initial investment cost, so it is important to analysis the economic feasibility. Therefore, we analyze the effect of the production system due to the aging effect of the equipment and the feasibility of equipment replacement based on the economic analysis. The process flow, working time, logistics movement, etc. are analyzed in order to build the simulation modeling for a ship and land switchboard production system. Using numerical examples, the economic feasibility analysis of equipment replacement through replacement of existing deteriorated equipment and additional arrangement of new facilities is performed.

• Journal of Appropriate Technology
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• v.5 no.1
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• pp.33-37
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• 2019

One of main problems in developing electricity grid for archipelago country like Indonesia is the geographical concerns as it consists of many islands. In some rural areas, electricity has not been available yet due to the limited infrastructure access, leading to high investment cost. In this study, a portable energy storage system based on the lithium-ion batteries called Tabung Listrik or TaLis (DC-based power bank) and DC house system were proposed as the solution for providing electricity for rural areas with relatively lower cost. TaLis is designed to be portable so it is easy to carry around as well as it can be used for many purposes. Since 2017, TaLis prototype has been used as the energy storage in a DC house system at Sekolah Master Indonesia, where an array of PV rooftop is functioned as the main DC power supply. Besides, some TaLis were also dispatched for emergency response during the disaster situations in Indonesia, such as during the measles outbreak in Asmat-Papua, the earthquake disaster in Lombok and tsunami in Palu.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.40 no.3
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• pp.76-82
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• 2017

Recently, the material industry in the world has started appreciating the value of new materials that can overcome the limitation of steel material. In particular, new materials are expected to play a very important role in the future industry, demonstrating superior performance compared to steel in lightweight materials and ability to maintain in high temperature environments. Carbon materials have recently increased in value due to excellent physical properties such as high strength and ultra lightweight compared to steel. However, they have not overcome the limitation of productivity and price. The carbon materials are classified into various composites depending on the purpose of use and the performance required. Typical composites include carbon-glass, carbon-carbon, and carbon-plastic composites. Among them, carbon-carbon composite technology is a necessary technology in aviation and space, and can be manufactured with high investment cost and technology. In this paper, in order to find the optimal conditions to achieve productivity improvement and cost reduction of carbon material densification process, the correlation between each process parameters and results of densification is first analyzed. The main process parameters of the densification process are selected by analyzing the correlation results. And then a certain linear relationship between major process variables and density of carbon materials is derived by performing a regression analysis based on the historical production result data. Using the derived casualty, the optimal management range of major process variables is suggested. Effective process operation through optimal management of variables will have a great effect on productivity improvement and manufacturing cost reduction by shortening the lead time.

• 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 Korean Society on Water Environment
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• v.34 no.6
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• pp.669-677
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• 2018

Torrential rain and drought are repeated due to the increase in the unpredictable fluctuating of rainfall patterns. It is time for stabilize water resource management in terms of disaster prevention. Distributed control from sources is needed to minimize damages caused by torrential rains and droughts. Rain barrel can be used to reduce the runoff as they collect and store rainwater. In response to this situation, Seoul Metropolitan Government and other local governments implemented a project to support the installation of rain barrel and provided 90% of the cost of installing it in private areas. However, with limited budget, it is difficult to distribute rainwater to the city which is mostly covered by private areas. In this study, Samho-dong, Ulsan, where pilot projects of water cycle leading city are underway, analyzed the effects of reducing the runoff with respect to the amount of rainwater that can be used, and analyzed the economics of recoverable investment cost when installed. From the analysis, it was established that it is possible to show sufficient efficiency with a small capacity without the need to install large rain barrel effectively in the private sector, and to support the installation cost of less than 70 percent of the rainwater can be recovered.

• Proceedings of the KIEE Conference
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• 2007.07a
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• pp.574-575
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• 2007

This paper proposes a method for choosing the best transmission system expansion plan using nodal/bus delivery marginal rate criterion ($BMR_k$) defined newly in this paper. The objective method minimizes a total cost which is an investment budget for constructing new transmission lines subject to the $BMR_k$ which means a nodal deterministic reliability level requirement at specified load point. The proposed method models the transmission system expansion problem as an integer programming problem. It solves for the optimal strategy using a branch and bound method that utilizes a network flow approach and the maximum flow-minimum cut set theorem. Test results on an existing 21-bus system are included in the paper. It demonstrated the suitability of the proposed method for solving the transmission system expansion planning problem in competitive electricity market environment.

• Food Science of Animal Resources
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• v.24 no.4
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• pp.411-415
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• 2004

The transparisation technology for milk and milk products could be applied widely and very importantly to various determination because transparisation can economize the cost and increase with precision in the milk payment system. Component of butanone or Triton in transparisation solvent would inhibit the growth of bacteria and method. Enzymatic determination of leucocytes were proposed to evaluate milk quality as mastitis in the milk payment system, this can be easily applied to simplify automation of the determation with the lowest investment cost in milk pay system. The significance of this technique, it can be used in the quality control of raw milk and milk products, milk payment system, and programming of national dairy project. Transparisation technology is used in somatic cell counting by enzymic methods. The range of deviation for this method is 16％ in 74 samples. But the deviation is increased to 20％ when the Infoss method is used. It is affected by the percentage of epithelial cells and white blood cells in somatic cells from different animals and the stages of aging. NAgase activity has an obvious correlation with white-blood cells in milk. In the case of mastitis the white-blood cells is 90-95％ in somatic cells in milk, it is showing greater precision in measuring the state of mastitis. In conclusion the enzymic method of somatic cell counting is a relatively simple and easy method of measurement and can be easily practiced. And the importance of this method is also worth utilizing for indirect counting of Somatic cells by use of synthetic substrates to NAgase. In the future, with the further development of the research in this field, it will b possible to automatize the measurement.

• Journal of Biosystems Engineering
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• v.10 no.1
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• pp.69-75
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• 1985

For the purpose of estimating the operating cost for feed production, energy consumption, labor requirement, maintenance cost, and supplies and miscellaneous costs are analyzed and developed as mathematical models. Mathematical model for energy usage Consists of electrical energy, boiler fuel energy and vehicle fuel energy. The mathematil model for electrical energy usage for the swine and poultry feed mill and the complete pelleted feed mill are developed, based on the general model mill and the computer program for its design developed in Kansas State University (Park, 1982). Also, the boiler fuel energy consumption model and the vehicle fuel energy consumption model are developed by analyzing the boiler system and the vehicle operation in the warehouse. In order to develop a mathematical model for labor requirement, the data that Vosloh (1968, 1976) constructed for labor requirement in his model mill are used by assuming that his model mill is similar to this model, in terms of labor assignment standards. Maintenance and repair costs are obtained by assuming to be 5.5% of the total capital investment cost. Also, supplies and miscellaneous costs are estimated by using Vosloh's report and it is approximately 0.87 dollars per ton based on daily production.

• International Journal of Highway Engineering
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• v.18 no.4
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• pp.9-18
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• 2016

PURPOSES : This study aimed to evaluate the performance of pavement management works and to develop a function for estimating the level of service (LOS) and cost of service (COS) for the systematic and quantitative management of pavement performance in the public sector. METHODS : The International Roughness Index (IRI) was used as the performance index for pavement management. Long-term pavement performance data for a period of 7 years (2007-2014) collected by the National Highway Pavement Management System and historical maintenance budget data published by the South Korean government were used to develop the LOS-COS function. Based on the function, a model for estimating the appropriate budget as well as the network conditions was suggested. RESULTS : There was high degree of correlation between pavement performance and the investment level (R = - 0.74). The developed LOS-COS function suggested that the unit cost to improve the network IRI to 1 m/km was 32.6 billion KRW. Further, the maintenance costs normalized with respect to the LOS levels were LOS-A = 88.2 billion KRW, LOS-B = 55.6 billion KRW, and LOS-C = 23.0 billion KRW. CONCLUSIONS : This study proposes a simple way of developing a LOS-COS function. It also shows how to develop a network budget demand and condition estimation model using the LOS-COS function. In addition, it is the first attempt to evaluate the road maintenance budget in South Korea. It is expected that these results will help in the negotiations between the road managers and budget makers.