• Title/Summary/Keyword: Annual Equivalent Cost Method

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Optimal Network Design for the Estimation of Areal Rainfall (면적강우량 산정을 위한 관측망 최적설계 연구)

  • Lee, Jae-Hyeong;Yu, Yang-Gyu
    • Journal of Korea Water Resources Association
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    • v.35 no.2
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    • pp.187-194
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    • 2002
  • To improve the accuracy of the areal rainfall estimates over a river basin, the optimal design method of rainfall network was studied using the stochastic characteristics of measured rainfall data. The objective function was constructed with the estimation error of areal rainfall and observation cost of point rainfall and the observation sites with minimum objective function value were selected as the optimal network. As a stochastic variance estimator, kriging model was selected to minimize the error terms. The annual operation cost including the installation cost was considered as the cost terms and an accuracy equivalent parameter was used to combine the error and cost terms. The optimal design method of rainfall network was studied in the Yongdam dam basin whose raingauge numbers need to be enlarged for the optimal rainfall networks of the basin.

Life Comparision of 2$\frac{1}{2}$ Ton Truck Considering The Operation Terrains (운행지형형태에 따른 2$\frac{1}{2}$톤 트럭의 수명비교)

  • Kim Jang-Hyeon;Ha Seok-Tae
    • Journal of the military operations research society of Korea
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    • v.16 no.2
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    • pp.1-13
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    • 1990
  • The life of an equipment depends upon its operating characteristics and physical environment factors. This paper presents the economic life length of 2 1/2 ton truck considering the operation terrains. For this specific research, the operation terrains are categorized into seacoast area, mountain area and plain area. To compute the life length, the method of equivalent annual cost is employed. The sample vehicles from each corresponding area are randomly selected from those vehicles whose ages exceed 9 years. This research finds the following results : (1) The life length operated at seacoast area is 9.75 years, (2) The life length operated at mountain area is 11.25 years, (3) The life length operated at plain area is 14 years. This research argues that the key factor such as characteristics of operating enviroment for allocation of operating and maintaining cost should be considered.

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An Effect Analysis of Lead Time Changes on Investment Evaluation of a Nuclear Power Plant Construction : A Trade-Off Analysis Between a Construction Cost and Lead Time (원자력발전소 건설 리드타임의 변화가 투자프로젝트 평가에 미치는 효과분석: 발전소 건설비용과 리드타임 간의 상쇄효과분석)

  • Kim, Gyu-Tai;Lee, Byung-Gook;Oh, Chi-Jae
    • IE interfaces
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    • v.12 no.3
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    • pp.414-423
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    • 1999
  • A nuclear power plant requires a huge amount of initial investment and long construction lead time. As we expect that there may exist a relationship between investment and construction lead time, a number of researchers have reported that nearly a half of investments is incurred due to time factors such as the time value of money and inflation or escalation rates. Therefore, we investigated in this paper a relationship between the initial investment and the construction lead time of a nuclear power plant construction, and proposed a method for a trade-off analysis between the annual equivalent worth and the investment alternatives to reduce the construction lead time. Finally, we presented a real case to numerically explain the steps of the method presented in this paper.

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The Value of a Statistical Life and Social Costs of Death due to Nuclear Power Plant Accidents and Energy Policy Implications (원자력발전소 사고 사망의 통계적 생명가치와 사회적 비용 및 에너지정책 시사점)

  • Yong-Joo, Kim
    • Journal of the Korean Society of Radiology
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    • v.17 no.1
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    • pp.79-90
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    • 2023
  • The study is to estimate the social costs of premature deaths due to nuclear power plant(NPP) accidents, by resorting to the contingent valuation method(CVM) which is used to estimate the value of a statistical life(VSL). The VSL estimate is about 3.55 billion won, which is multiplied by some 1.8 million premature deaths due to the accidents in world history of NPP, to get a maximum social cost of 1,952 trillion won. This estimate is equivalent to the 2022 real GDP of Korea. The annual average number of premature deaths and the resulting average social cost is 26,000 and 28 trillion won, respectively. The social cost of premature deaths due not only to accidents, but also the air pollutants from fired power plants(FPP) during 1987~2021 is estimated to be 26,919 trillion won. This is equivalent to 2021 US GDP, and is about 3,000 times higher than that for NPP of 9 trillion won. In 2021, the estimated social costs of FPP and NPP are 1,075 trillion won and 292 billion won, respectively. For South Korea, the study suggests to adapt an energy mix of increased share of electricity production for NPP relative to FPP, given that the 2050 carbon neutrality strategy of Korea is expected to lead to an increased share of renewable energy in electricity production. The study emphasizes accumulating the number of CVM-based VSL studies to ensure efficient energy policies.

A Study on the reliability method development for the LCC analysis (LCC분석에 있어서 신뢰성기법 활용에 관한 연구)

  • Lee, J.B.;Cho, S.H.;Min, B.C.;Hong, D.Y.;Lee, W.J.
    • Proceedings of the Korean Reliability Society Conference
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    • 2011.06a
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    • pp.319-328
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    • 2011
  • The failure of LCC analysis is recognized as a serious risk for companies in fast-paced business environment. LCC analysis has been mentioned and analyzed only in accounting perspectives, but recently engineering perspectives of LCC analysis based on the execution of appropriate procedures become more important than the accounting perspectives. Especially, the practical use of reliability engineering related methodologies is recognized as a key factor for the LCC analysis. For the practical use of reliability methods, LCC analysis for unexposed problems is a key issue, and utilizing FMEA and FTA techniques is needed to solve the unexposed problems. Reliability, maintainability, availability, and safety should be evaluated by the LCC analysis with the reliability methods, so we study methodologies for the LCC analysis. Present Worth can be calculated by multiplication of Annual Equivalent Cost and PWAF. Reliability engineering related methods are needed for the process of dividing Present Worth into PWAF, and the practical use of reliability methods can improve accuracy of LCC analysis.

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The Estimation and Application of Optimum Design Variables for Road Tunnel Ventilation System Based on Statistical Analysis (통계적 분석을 이용한 터널 환기시스템 적정설계변수의 산정 및 적용에 관한 연구)

  • 이보영;유용호;김진
    • Tunnel and Underground Space
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    • v.14 no.5
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    • pp.373-380
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    • 2004
  • In this study, the emission rate of pollutant was modified according to the published standards, and the distribution of pollutant concentration was analyzed for each vehicle velocity. This modified emission rate was applied to a model tunnel and it was proved that the required air quantity was reduced to 49%, compared to the PIARC method. From the simulation result, it was proved by using statistics that the most sensitive factor among them is the friction coefficient and it was modified to the value in the range of 0.018 to 0.021. It is also expected that the required air quantity can be decreased form 14.4% to 19.2% according as the coefficient is applied to the domestic model tunnels. In conclusion, it is proposed that the number of jet fans can be reduced and the annual operating cost can be curtailed as well.