• Title/Summary/Keyword: pay-back period

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A Study on the Feasibility Analysis of Large Scale Research Project (대규모 연구 프로젝트 타당성 분석에 관한 연구)

  • Lee, Hong-Cheol;Hwang, In-Ju;Kim, Tae-Hyung
    • Proceedings of the SAREK Conference
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    • 2008.11a
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    • pp.334-339
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    • 2008
  • Nowadays national research and development fund is continuously increased. And the evaluation on the feasibility of R&D budget investment was carried out. Through this study it was possible that a business feasibility evaluation of large scale research project. Also the benefit of research project about large scale plant(A plant) is $2.67{\sim}3.76$ times of research funds, and the R&D fund pay-back period is $6{\sim}8$ years. And also there is employment effect as $1,200{\sim}2,200$ every year, and $22,000{\sim}35,000$ within 20 years after research project.

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Economic Estimation of Heat Storage Type Geothermal source Heat Pump System Adopted in Government office Building by a Payback Period Method (투자비회수기간법을 이용한 공공청사 적용 축열식 지열히트펌프 시스템의 경제성 평가)

  • Ko, Myung-Jin;Oh, Jung-Keun;Kim, Yong-In;Kim, Yong-Shik
    • Journal of the Korean Solar Energy Society
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    • v.27 no.4
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    • pp.175-182
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    • 2007
  • Geothermal-energy has been getting popular as a natural energy source for green buildings these days. As a result Geothermal Source Heat Pump System (GSHPs) was being recognized effective alternative systems to conventional heating and cooling systems owing to their higher energy utilization efficiency. But GSHPs has not been popularized thereby the large amount of initial cost of the system and insufficiency of studies for economic estimation. Therefore GSHPs are being developed to make up for the weak points that are the large amount of initial cost of the system and much annual electricity consumption. In this paper, economic estimation was conducted by payback period method and it shows that the pay back period of Heat Storage Type GSHPs was calculated 6.8 years compared with the absorption Chiller-Heater system and 8.2 years compared with the Ice storage-Boiler system. Heat Storage Type GSHPs also has the lower annual source energy consumption than the conventional heating and cooling systems because of using nighttime electricity.

A Study on the Economic Evaluation with Super-Micro Fuel Cell Home Cogeneration System by Varying the Floor Area of House (주택면적의 변화에 따른 가정용 초소형 연료전지 코제너레이션 시스템의 경제성 분석에 관한 연구)

  • Roh, Chul-Woo;Kim, Min-Soo
    • New & Renewable Energy
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    • v.4 no.2
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    • pp.45-51
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    • 2008
  • The fuel cell system is environment-friendly and energy efficient system. Especially, the fuel cell cogeneration systems providing heat and electricity to buildings have been developed and applied to a lot of sites in the world to cope with the global warming and $CO_2$ emission problem. This paper presents the result of study on the economic evaluation with super-micro fuel cell (SMFC) cogeneration system by varying the floor area ($132m^2{\sim}331m^2$) of the house, whose system capacity ranges from 0.10 kWe to 0.50 kWe. The electricity demand, heat demand, saved energy cost, and the simple pay-back period have been simulated for the various capacities of fuel cell cogeneration system. As a result, this study suggests the fuel cell system’s capacity decision strategy for a given house area. Contrary to conventional design assumptions, the smaller capacity fuel cell cogeneration system is appropriate for the house of large floor area to defense the progressive electricity tax, and the larger capacity fuel cell cogeneration system is appropriate for the house of small floor area to sell the electricity.

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A Study on the Economic Evaluation with Super-Micro Fuel Cell Home Cogeneration System by Varying the Floor Area of House (주택면적의 변화에 따른 가정용 초소형 연료전지 코제너레이션 시스템의 경제성 분석에 관한 연구)

  • Roh, Chul-Woo;Kim, Min-Soo
    • 한국신재생에너지학회:학술대회논문집
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    • 2008.05a
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    • pp.25-28
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    • 2008
  • The fuel cell system is environment-friendly and energy efficient system. Especially, the fuel cell cogeneration systems providing heat and electricity to buildings have been developed and applied to a lot of sites in the world to cope with the global warming and $CO_2$ emission problem. This paper presents the result of study on the economic evaluation with super-micro fuel cell (SMFC) cogeneration system by varying the floor area ($132m^2{\sim}331m^2$) of the house, whose system capacity ranges from 0.10 kWe to 0.50 kWe. The electricity demand, heat demand, saved energy cost, and the simple pay-back period have been simulated for the various capacities of fuel cell cogeneration system. As a result, this study suggests the fuel cell system's capacity decision strategy for a given house area. Contrary to conventional design assumptions, the smaller capacity fuel cell cogeneration system is appropriate for the house of large floor area to defense the progressive electricity tax, and the larger capacity fuel cell cogeneration system is appropriate for the house of small floor area to sell the electricity.

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Application of a Large Scale Heat Pipe System to Preheating the Fuel Gas of Low Heating Value (분리형 히트파이프의 저발열량 연료가스 예열시스템에 대한 적용연구)

  • Park, Heung Soo;Riu, Kap Jong;Lee, Jin Ho;Lee, Yong Kuk
    • Transactions of the Korean Society of Mechanical Engineers B
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    • v.23 no.9
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    • pp.1085-1097
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    • 1999
  • A separate heat pipe system capacity of 3,700kW has been developed and applied to preheating the blast furnace gas for recovery of the waste heat from boiler. The system is designed to preheat the blast furnace gas up to $126^{\circ}C$ by using tho boiler exhaust gas of which temperature is $180^{\circ}C{\sim}220^{\circ}C$. The arrangement of the fin tubes as well as the shape of the fin has been carefully determined to minimize the fouling problems. The heat pipe system was found to be stable in circulation of the working fluid and the range of the temperature variation of the preheated blast furnace gas was within $10^{\circ}C$. It was proved through a long-term test that the selected tube arrangement and the shape of the fins are proper to prevent the fouling problems and that the pay-back period of the system Is within one year.

A Cost Analysis of the Heat Recovery Ventilator under Various Condition (열회수형 환기장치의 운전조건에 따른 경제성 평가에 관한 연구)

  • Kang, Tae-Wook;Koh, Jae-Yoon
    • Journal of the Korean Solar Energy Society
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    • v.26 no.1
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    • pp.21-28
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    • 2006
  • Changes in building construction methods and repairing of older buildings have reduced infiltration rate. Synthetic materials, release airborne particles and uneven healthy odor are increased. For preventing pollutants introduce fresh outdoor air into the building, simply letting fresh outdoor air into building, however, Is not a cost-effective way to ventilation. When additional ventilation is added to an existing HVAC system, the heating and cooling equipment, often cannot handle the increased load. A HRV provides a way to minimize in energy costs while introducing fresh air to a building. In this study, the economical research of HRV, made of three types of materials, are conducted. Heat recovering characteristics are studied at seasonal outdoor air conditions based on the outdoor air property condition at, Seoul in 2002. As a results, the average sensible effectiveness is 0.75 in the sensible heat exchanger and average total effectiveness is 0.65 in the total heat exchanger. The pay back period of the sensible heat exchangers are $3.2{\sim}3.5$ year and it of total heat exchanger is 2.2 years.

Sizing and Economic Analysis of Battery Energy Storage System for Peak Shaving of High-Speed Railway Substations (고속철도 변전소 피크부하 저감용 ESS 용량 산정 및 경제성 분석)

  • Kim, Seul-Ki;Kim, Jong-Yul;Cho, Kyeong-Hee;Byun, Gil-Sung
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.63 no.1
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    • pp.27-34
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    • 2014
  • The paper proposed a sizing method of an energy storage system(ESS) for peak shaving of high-speed railway substations based on load profile patterns of substations. A lithium based battery ESS was selected since it can produce high-power at high speed that peak shaving requires, and also takes up a relatively smaller space for installation. Adequate size of the ESS, minimum capacity which can technically meet a peak shaving target, was determined by collectively considering load patterns of a target substation, characteristics of the ESS to be installed, and optimal scheduling of the ESS. In case study, a local substation was considered to demonstrate the proposed sizing method. Also economic analysis with the determined size of ESS was performed to calculate electricity cost savings of the peak shaving ESS, and to offer pay-back period and return on investment.

Feasibility Analysis on Slag Reprocessing Project in Lubumbashi, Democratic Republic of the Congo (DR콩고 루붐바시 슬래그재처리사업(再處理事業)의 경제성(經濟性) 평가(評價))

  • Kim, Yu-Jeong;Kim, Dae-Hyoung
    • Resources Recycling
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    • v.21 no.1
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    • pp.49-59
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    • 2012
  • One of the world's top resource-rich countries, the Democratic Republic of the Congo has ample reserves of cobalt, iron ore, copper and diamond in particular. Importing most of major mineral resources, the Republic of Korea has examined-together with the Congo government since 2008-the possibility of a project where it supports port construction in the Democratic Republic of the Congo and acquires useful minerals such as zinc, cobalt and copper in exchange through slag reprocessing in the local city of Lubumbashi. This study conducted feasibility analysis on the slag reprocessing project in Lubumbashi, Congo and found that the project's payback period stands at 6.7 years, net present value(NPV) at 34 million dollars and internal rate of return(IRR) at 17.4%. According to sensitivity analysis that takes into account uncertainties concerning taxation, fixed cost, operational cost and resource prices, the NPV of the project ranges from -24.8 million dollars to 92.7 million dollars.

Realistic 3-dimensional using computer graphics Expression of Human illustrations (컴퓨터그래픽스를 이용한 사실적인 3D 인물 일러스트레이션의 표현)

  • Kim, Hoon
    • Archives of design research
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    • v.19 no.1 s.63
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    • pp.79-88
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    • 2006
  • A human face figure is a visual symbol of identity. Each different face per person is a critical information differentiating each person from others and it directly relates to individual identity. When we look back human history, historical change of recognition for a face led to the change of expression and communication media and it in turn caused many changes in expressing a face. However, there has not been no time period when people pay attention to a face more than this time. Technically, the advent of computer graphics opened new turning point in expressing human face figure. Especially, a visual image which can be produced, saved, and transferred in digital has no limitation in time and space, and its importance in communication is getting higher and higher. Among those visual image information, a face image in digital is getting more applications. Therefore, 3d (3-dimensional) expression of a face using computer graphics can be easily produced without any professional techniques, just like assembling puzzle parts composed of the shape of each part ands texture map, etc. This study presents a method with which a general visual designer can effectively express 3d type face by studying each producing step of 3d face expression and by visualizing case study based on the above-mentioned study result.

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An Optimal Configuration and Feasibility Study for Community Energy System (CES) (합리적인 지역 에너지 시스템(Community Energy System)의 구성과 경제성 검토)

  • Kee W. B.;Park Y. U.;Kim K. H.;Jang S. I.
    • Proceedings of the KIEE Conference
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    • summer
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    • pp.123-125
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    • 2004
  • This paper describes an optimal configuration of Community Energy System (CES) for the multi-energy consumers and analyzes economical feasibility for such system. The most of previous feasibility studies for Co-Generation plants of CES in Korea have shown negative results due to the abnormally low price of power rate in Korea. However, in order to overcome this situation a new approach was examined in this Paper. The efforts of this approach the selection of the low price but reliable facility and maximizing the capacity factor of the facility. MGT was selected in view of low price and good reliability. In order to maximize the capacity factor the system capacity should be quite lower than the actual required Electrical and Heat load of the subject entity. In this report 100 kW Co-Generation facility was selected in view of conservative analysis. The results of the analysis showed that pay back period may vary from 4 to 5 yens according to the application of LNG rates whether it is to-generation rate or the normal business rate. With the analysis in this paper we confirmed that CES is feasible even in Korea if we do not insist to select the capacity of CES to cover all the energy required but select a smaller size of CES compared to the actual requirement, which can allow full load operation of the system continuously.

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