• Journal of Energy Engineering
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• v.10 no.4
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• pp.327-334
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• 2001

Heat is wasted by unconcern in industrial complex. This paper presented for using waste heat, which investigated step by step from searching waste heat to starting construction before and directly applied for the using waste heat in the actual site. Especially, using heat is assessed by investigation of heat supply and demand. Design of heat transportation system was made base on analysis of heat balance between demand and supply, which was analyzed by economical efficiency and property. Payback-period on investment was 1,909 years that was comparatively a short period of time in assessment.

• Knowledge Management Research
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• v.10 no.1
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• pp.53-70
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• 2009

This study empirically explored what promotes exploration, through a case analysis of a Korean SME (small and medium sized enterprise), based on the research framework which focuses on the identification and the selection of exploratory NPD (new product development) alternatives, and the accumulation of novel capabilities in new technology domains. The learning process of the exploratory NPD project described is as follows. The identification barrier of exploratory NPD project is relatively low. Constructive crisis is germane to selecting exploratory NPD alternatives and to enduring the long payback period. New separated R&D unit is likely to implement the exploratory NPD project. The length of the gestation period of the exploratory NPD project is related with the level of the conflict between old members and new members. This study identified several antecedents of the exploratory NPD project. Prior success promotes the identification process of the exploratory NPD projects. Constructive crisis is related with CEO's personal characteristics such as future oriented and proactive personality. The proactive involvement and persuasion of CEO are germane to reducing the conflict between old and new members and to the success of the exploratory NPD project. Based on the results, this study discusses several implications and future research directions.

• Journal of Korean Society for Quality Management
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• v.40 no.1
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• pp.39-48
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• 2012

An early detection system for warranty issues periodically collects customers' claim data and automatically reports alarms about emerging issues based on statistical algorithms. It helps companies to reduce an issue definition time and save the handling cost of warranty claims. This paper provides an evaluation framework to validate the economic effect of an early detection system project. For this purpose, we present economical index of a project with explicit formulas such as ROI(return on investment), PP(payback period), NPV(net present value), PI(profitability index) and IRR(internal rate of return) and analyze the sensitivities of the index according to the variation of project input parameters. The proposed analysis framework is expected to be used for evaluating economic values of various system integration projects.

• 한국신재생에너지학회:학술대회논문집
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• 2009.06a
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• pp.196-199
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• 2009

Korean government decided to give a subsidy for renewable energy system of green home. This policy will make an appeal to consumers. But For success of this policy, Economic benefit of consumer is essential. In this study, benefit and cost is seperated to consumer part and government part, respectively. consumer's benefit is energy saving and asset value increment. Consumer's cost is real input money except government's subsidy. Government's benefit is consist of energy import reduction, carbon discharge reduction and new production increment, As a result, the government subsidy will not so enough to activate the green home. PV system for the korean general apartment has the payback period of 19 years. So, For the dissemination of renewable energy of green home, more strong subsidy policy and more economic technoloy development is requested.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.24 no.4
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• pp.289-296
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• 2012

The aim of this study is to investigate the performance of a heating and cooling system with aquifer thermal energy storage(ATES heat pump system) known as one of the underground thermal energy storage application systems. The ATES system was composed of heat pump unit and ATES, which was installed in a factory building located in Anseoung. The system represented very high heating and cooling performance, and showed nearly constant COP at each heating and cooling season due to the stability of EWT. The economic analysis about an ATES system and a conventional system was also executed. The conventional system adopted an air-conditioner in the summer season and a LNG boiler in the winter season. The payback period of the ATES system was estimated by 6.62 years.

• Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
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• 2006.05a
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• pp.448-452
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• 2006

Many kinds of electric heating appliance is used by user interface and desire. Far infrared ray heating system can use a kind of main heating appliance. This paper gives un saving amounts, energy curtailment money and payback period between far infrared ray heating system and existing electric heating appliance - EHP, electric air heater, electric radiator, electric floor heating system - from economy analysis.

• Korean Chemical Engineering Research
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• v.54 no.3
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• pp.320-331
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• 2016

Linze-Donawitz gas (LDG) adjunctively produced in the steel mill contains over 60% of CO. Two processes that recover high purity CO from LDG were considered: COSORB and CO-Pressure swing adsorption (PSA). This study aimed to decide which one is more economically feasible than the other by techno-economic analysis (TEA). From the technical point of view of TEA, the process flow diagram (PFD) was constructed, the mass and energy balances were calculated, and the equipment type and size were determined in order to estimate the total capital investment (TCI) and the total production cost (TPC). From the economic point of view of TEA, economic performance such as return on investment (ROI) and payback period (PBP) was evaluated, and the sensitivity analysis was carried out to identify key factors influencing ROI and PBP. It was found that CO-PSA is more economically feasible due to higher ROI and lower PBP. The CO price highly influenced ROI and PBP.

• 한국신재생에너지학회:학술대회논문집
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• 2010.06a
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• pp.184.1-184.1
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• 2010

In order to research the way to evaluate wind resource without actual Met Mast data, this paper has been carried out on the southeastern region of Jeju island, Korea. Although wind turbine has been an economical alternative energy resource, misjudging the prediction of lifetime or payback period occurs because of the inaccurate assessment of wind resource and the location of wind turbine. Using WindPRO(Ver. 2.7), a software for wind farm design developed by EMD from Denmark, wind resources for the southeastern region of Jeju island was analyzed, and the performance of WindPRO prediction was evaluated in detail. Met Mast data in Su-san 5.5Km far from Samdal wind farm, AWS in Sung-san 4.5km far from Samdal wind farm, and Korea Wind Map data had been collected for this work.

• 한국신재생에너지학회:학술대회논문집
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• 2009.06a
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• pp.592-595
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• 2009

In recent years, geothermal heat pump (GHP) systems have become increasingly popular for heating and cooling in buildings. The Standing Column Well (SCW) method is one of the most efficient GHP system. Because it use groundwater for heat transfer material. In SCW systems, water is re-circulated between the well and the building (heat pump). It is only a short time since this method has been applied in domestic. So we have to refer to the developed countries' guides and manuals of SCW. In this paper, several design and construction points of SCW method are filed. We used real operation data of SCW system at Chong-Ju Univ. site for economical efficiency analysis. As a result, the payback period of Chong-Ju Univ. site is calculated at 7.23 years.

• Satellite Communications and Space Industry
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• v.13 no.1 s.28
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• pp.118-124
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• 2006

HAPS(High Altitude Platform Station) which is defined as a station located on an object at an altitude of 20 to 50 km and at a specified, nominal, fixed point relative to the earth is promising technology capable of providing broadband multimedia services. In this study, economical aspects of HAPS service are analyzed by estimating the revenue and costs incurred by the service. To evaluate the profitability of HAPS service, the number of subscribers is estimated and then the net present value (NPV), payback period, and the rate of return on investment (ROI) are calculated under various scenarios