• 대한설비공학회:학술대회논문집
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• 대한설비공학회 2008년도 하계학술발표대회 논문집
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• pp.54-59
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• 2008

The poor maintenance and management of HVAC systems finally lead to the shortening of the life expectancy and result in the increase of operating costs and energy consumptions due to low efficiencies. Also, it is essential to try to develop ways to adequately maintain and to use the building facilities efficiently in order to preserve earth environment and the limited resource. In this study, an analysis on the maintenance and management cost for HVAC systems was carried out with the capacity of equipment. Besides, the LCC(Life Cycle Cost) based analysis was carried out to verify the effect of the doing maintenance and management. As the results, the case of the good maintenance and management is able to save LCC to 11 % than the case of the poor method.

• 한국신재생에너지학회:학술대회논문집
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• 한국신재생에너지학회 2009년도 춘계학술대회 논문집
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• pp.857-860
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• 2009

This report examines the economic feasibility of a commercial 50,000 barrel per day direct/indirect coal liquefaction (DCL/ICL) facility to produce commercial-grade diesel and naphtha liquids from medium-sulfur bituminous coal. The scope of the study includes capital and operating cost estimates, sensitivity analysis and a comparative financial analysis. Based on plant capacity of 50,000BPD, employing Illinois #6 bituminous coal as feed coal the total capital cost appeared $3,994,858,000(DCL) and $4,942,976,000(ICL). Also, the internal rate of return of DCL/ICL appeared 13.27% and 12.68% on the base condition. In this case, coal price and sale price of products were the most influence factors. And ICL's payback period(6.8 years) was longer than DCL's (6.6 years). According to sensitivity analyses, the important factors on DCL/ICL processes were product sale price, feed coal price and the capital cost in order.

• 대한설비공학회:학술대회논문집
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• 대한설비공학회 2009년도 하계학술발표대회 논문집
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• pp.1497-1502
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• 2009

The present study has been conducted economic analysis of heat storage type ground source heat pump system(HSGSHP) and normal ground source heat pump (GSHP) and central boiler system with individual air conditioning facility which are installed at the same building in the shared an apartment house. Cost items, such as initial construction cost, annual energy cost and maintenance cost of each system are considered to analyze life cycle cost (LCC) and simple payback period (SPP) with initial cost different are compared. The initial cost is a rule to the Government basic unit cost of production. LCC applied present value method is used to assess economical profit of both of them. Variables used to LCC analysis are prices escalation rate and interest rate mean values of during latest 10 years. The LCC result shows that HSGSHP (1,351,000,000won) is more profitable than central boiler system with individual air conditioning facility by 86.7% initial cost. And SPP appeared 8.0 year overcome the different initial cost by different annual energy cost.

• 설비공학논문집
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• 제29권3호
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• pp.119-126
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• 2017

Recently, ground source heat pump systems are being used in buildings for cooling and heating to reduce greenhouse gas and save energy. However, ground source heat pump systems mainly use the vertical closed-loop geothermal system design rather than the open-loop geothermal system design. This is due to a lack of knowledge and few research feasibility studies. In this research, a dynamic thermal analysis numerical simulation based on a standard house model was conducted for an open-loop geothermal system. Based on heating load analysis results, the life cycle costs of a standard house using an open two-well geothermal system were analyzed and compared with a vertical closed-loop geothermal system, and a diesel boiler. As a result, it was found that using an open two-well geothermal system shows economic return on investment after three years.

• 대한설비공학회:학술대회논문집
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• 대한설비공학회 2008년도 동계학술발표대회 논문집
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• pp.27-32
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• 2008

The present study has been conducted economic analysis of heat storage type ground source heat pump system(HSGSHP) and normal ground source heat pump (GSHP) which are installed at the same building in the shared an apartment house. Cost items, such as initial cost, annual energy cost and maintenance cost of each system are considered to analyze life cycle cost (LCC) and simple payback period (SPP) with initial cost different are compared. The initial cost is a rule to the Government basic unit cost of production. LCC applied present value method is used to assess economical profit of both of them. Variables used to LCC analysis are prices escalation rate and interest rate mean values of during latest 10 years. The LCC result shows that HSGSHP (1,050,910,000won) is more profitable than GSHP by 68.9% initial cost. And SPP appeared 3.0 year overcome the different initial cost by different annual energy cost.

• The Journal of Asian Finance, Economics and Business
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• 제7권12호
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• pp.423-431
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• 2020

This study examines the cost and benefit (i.e., income) of the Forest Stewardship Council (FSC) rubber plantations in Thailand. The study attempts to identify the challenges to the implementation of FSC standards in rubber plantations in the country. A total of 60 rubber farmers in two Southern provinces, namely, Songkhla and Rayong, were interviewed through a standardized questionnaire to gather primary data. The study found that small-, medium- and large-sized FSC rubber plantations were worth investing in. All sizes of rubber plantations had similar values of benefit cost ratio (BCR). It was also found that the values of the discount payback period (DPP) of the three forms of FSC rubber plantations were 9-12 years, while the large rubber plantations had the highest internal rate of return (IRR) (19.0%). It implies that the large-size plantations had the highest values. The rubber farmers in the study area reported that they are facing a number of problems and hardships in implementing FSC standards, lacking knowledge and understanding of FSC, especially for preparing documentation. Therefore, the Thai government should take proper policy initiatives to remove all the problems and barriers in implementing FSC standards for the sustainable rubber production in the country.

• Environmental Engineering Research
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• 제21권2호
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• pp.132-139
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• 2016

In early 90s the worldwide awareness about the energy crisis and global warming had been increased and emission reduction (by improving energy efficiency), as well as increasing the capacity of clean and renewable energies, showed themselves as the most important steps towards the sustainable development approach. However, investigations on Iran's environmental situation show huge decline in recent decades and apparently there is no sense of urgency about these issues through the vision of Iranian politicians. In this article the idea of replacing the old gas turbines of Polkalleh natural gas compressor station - as one of the main compressor stations of Iran - with newer and more efficient gas turbines is evaluated, emphatically for reducing greenhouse gases emissions and their environmental costs and decreasing natural gas consumption as well. Clearly such idea is costly, but analyzing its economic impacts, huge declines in annual costs and greenhouse gases emissions can be seen as well. So an investment about $95 million can decrease 40% of Polkalleh compressor station annual costs, 25% of natural consumption and 30% of $CO_2$ and $NO_x$ emissions. Besides the simple payback period of this investment is about 2.5 years from the cut-expenses of annual costs.

• 수산경영론집
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• 제43권3호
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• pp.31-41
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• 2012

This paper was conducted to study the economic valuation for Nursery-Phase production of the tidal flat oyster in Korea. Benefit-cost(B/C) model used to indicate the effects of economic valuation. Using discounting rates(i.e., 4.5%, 6.5% and 8.5%), the model compared revenues and costs that occur at different times from 2012 to 2018. This study also estimated various submodels, which are Benefit Cost Ratio(B/C ratio), Net Present Value(NPV), Internal Ration of Return(IRR), to compare profit of Nursery-Phase production styles and analyzed returns to evaluate the scenarios. Sensitivity analysis were conducted for various scenarios. The results suggest as follows. First, the oyster spat to the shell height of 3~5cm was more profit than the shell height of 1~3cm. Second, all of sensitivity analysis with submodels were economic valuation such that B/C ratio > 1, NPV > 0 and IRR > discounting rate. Third, the payback period was about 3years after installed Nursery-Phase production system.

• Journal of Advanced Marine Engineering and Technology
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• 제32권1호
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• pp.66-72
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• 2008

In this study, the ground source heat pump was installed at a research center in Jeju Island to verify the performance of the system and to give an information for a economic feasibility. The performance test was conducted until the heat storage tank temperature reached at $5^{\circ}C$ from $50^{\circ}C$ in the cooling operation, and until the storage temperature goes up to $50^{\circ}C$ from $10^{\circ}C$ in the heating mode. As results, the system performance shows that $2.2{\sim}3.5$ for the cooling operation and $2.5{\sim}3.5$ for heating operation. It is found that the underground is good heat source for the heat pump with $3{\sim}10^{\circ}C$ variation range. The ground source heat pump could be connected one of air conditioning system without any problem in system performance. Based on the economic analysis, the initial cost for the ground source heat pump will be compensated after 4 years operation. If the system runs 20 years, approximately 300 million Won will be saved when the air conditioning system adapt the ground source heat pump based on Life Cycle Cost analysis.

• Advances in environmental research
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• 제2권4호
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• pp.279-290
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• 2013

In this study, a comprehensive model developed to estimate greenhouse gas (GHG) emissions from urban area with low impact development (LID) and its integrated management practices (IMPs). The model was applied to the actual urban area in Asan Tangjeong district (ATD) as a case study. A rainwater tank (1200 ton) among various LID IMPs generated the highest amount of GHG emissions ($3.77{\times}10^5kgCO_2eq$) and led to the utmost reducing effect ($1.49{\times}10^3kgCO_2eq/year$). In the urban area with LID IMPs, annually $1.95{\times}104kgCO_2eq$ of avoided GHG emissions were generated by a reducing effect (e.g., tap water substitution and vegetation $CO_2$ absorption) for a payback period of 162 years. A sensitivity analysis was carried out to quantitatively evaluate the significance of the factors on the overall GHG emissions in ATD, and suggested to plant alternative vegetation on LID IMPs.