• Proceedings of KOSOMES biannual meeting
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• 2008.05a
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• pp.69-74
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• 2008

The aim of this paper is to calculation benefit cost for development of Hwawon leisure & tourism complex. To calculation benefit cost, this paper propose a advanced travel cost method(ATCM) which is to consider Improved travel cost method(ITCM) and variable traffic units with confidence degree cf decision-maker. At the result of calculation, total benefit costs are 292805 million won at 52% of confidence degrees and 10% discount rates.. Also total benefit cost is 304517 million won at 4% of GDP growth rate is 4%.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.53 no.5
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• pp.296-301
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• 2004

The Available Transfer Capability (ATC) is defined as the measure of the transfer capability remaining in the physical transmission network for further commercial activity above already committed uses. Available Transfer Capability (ATC) calculation is a complicated task, which involves the determination I of total transfer capability (TTC), transmission reliability margin (TRM) and capability benefit margin (CBM). As the electrical power industry is restructured and the electrical power exchange is updated per hour, it is important to accurately and rapidly quantify the available transfer capability (ATC) of the transmission system. In ATC calculation,. the existing CPF method is accurate but it has long calculation time. On the contrary, the method using PTDF is fast but it has relatively a considerable error. This paper proposed QFA method, which can reduce calculation time comparing with CPF method and has few errors in ATC calculation. It proved that the method can calculate ATC more fast and accurately in case study using IEEE 24 bus RTS.

• Journal of Power System Engineering
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• v.18 no.3
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• pp.112-117
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• 2014

The purpose of this study is to suggest the benefit-cost analysis for photovoltaic system in greenhome. Perspectives of benefit-cost analysis for photovoltaic system in greenhome is participant, non-participant, administrator and nation. This study identifies the cost and benefit components and benefit-cost calculation procedures from four major perspectives : participant, non-participant, administrator and nation. The results of benefit-cost analysis from each perspective can be expressed in a variety of ways, but in all cases it is necessary to calculate the net present value of photovoltaic system impacts over the lifecycle of those impacts.

• International Journal of Highway Engineering
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• v.15 no.2
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• pp.149-157
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• 2013

PURPOSES : This study is to analysis for benefit and construction cost in underpass for small vehicles. METHODS : The study was performed using the traffic software VISSIM 5.20 for analysis on a variety of traffic conditions and analysed of benefits of changes through analysis of travel speed and travel time after modeling of existing underpass and small vehicle underpass. RESULTS : Results of this study, the benefits will be reduced by the introduction underpass for small vehicles were analyzed because heavy vehicles use the intersection above the underpass. However, it was required economic analysis considering both the benefits reduction and the construction costs reduction because it has the effect of reducing the construction cost. Showed that the difference in benefit changes depending on the v/c and heavy vehicles ratio and construction cost was difference by types of underpass. As a result of performing economic analysis with total benefits and construction cost, it was analyzed to be economical in underpass over a certain size. CONCLUSIONS : The result of this study are expected to be able to contribute to reviewing for feasibility due to the small vehicles underpass introduction and economic analysis. The study is case study to the underpass in Daegu. Therefore, the future requires the calculation of benefits reflect a wider range of traffic conditions and the economic analysis to construction cost calculation for various types of grad separation facilities.

• Health Policy and Management
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• v.28 no.1
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• pp.77-86
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• 2018

Background: The purpose of this study is to emphasize the importance and necessity of the government's old-age preparation service by measuring the economic value of the old-age service and the policy direction and policy implications of the government's old-age preparation service project. Methods: Contingent Valuation Method (CVM) was used as an analytical method. CV methodology was used to calculate the Willingness to pay (WTP) for old-age preparation service and its value was estimated and the economic benefit of the project was estimated. Results: As a result of the analysis, the average monthly payment amount for the old service was calculated as 5,100 won, and the annual average payment amount was estimated to be 61,197.1 won. Conclusion: The present value of the benefit for 10 years with the discount rate of 5.5% is 484,651 won. Based on the value of peruser benefit, the total benefit value calculation result of the old-age preparation service considering the Willingness to pay for the next 10 years shows that the total benefit value of the old service, which occurs during the period from 2016 to 2025(10 years) was estimated at 415.1 billion won. As a result of calculating the benefit for each scenario, the present value of basic service is higher in all scenarios than the linked service.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.60 no.5
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• pp.905-912
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• 2011

In this paper, the method on calculating benefits of combined heat and power is introduced for standard evaluation in electrical power system. This paper calculates benefits about new national viewpoint and viewpoint of independent power producers and assesses benefits of combined heat and power in Korea and In Seoul national capital area. Benefit costs are composed of avoid cost of centralized generation, line upgrading adjustment, loss adjustment and electrical power trade cost per year in earlier study, in addition trade cost of $CO_2$, construction cost of combined heat and power for accurate calculation. Benefit of combined heat and power is calculated by simulation results of real electrical power system.

• Journal of Power System Engineering
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• v.21 no.4
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• pp.51-56
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• 2017

The purpose of this study is to suggest economic analysis for piezoelectric power. Economic analysis method uses california standard test. Perspectives of california standard test is participant test, ratepayer impact measure test, program administrator cost test and total resource cost test. This study identifies the cost and benefit components. This study identifies benefit-cost calculation procedures from four test : participant test, ratepayer impact measure test, program administrator cost test and total resource cost test. In the economic analysis, the order of benefit cost ratio in piezoelectric power shows total resource cost test, program administrator cost test, ratepayer impact measure test and participant test.

• The Transactions of the Korean Institute of Electrical Engineers P
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• v.64 no.4
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• pp.273-276
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• 2015

In this paper, ESS capacity installed in industrial customer is calculated using economic analysis. To do this, electric charge for industrial customer is analyzed and power management system(PMS) of ESS is selected. Reduction of kW cost and kWh cost are set to 'benefit' according to operation of ESS. Also, installation cost and maintenance cost of ESS are set to 'cost'. Proper ESS capacity is determined as a result of benefit-to-cost(B/C) analysis according to the variation of ESS installation cost. In case study, B/C is analyzed for the specific industrial customer and minimum capacity of ESS to make a profit are proposed for the customer.

• Wind and Structures
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• v.14 no.1
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• pp.71-80
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• 2011

This study presents a decision making process for installation of wind barrier which is used to reduce the wind speed applied to running vehicles on expressway. To determine whether it is needed to install wind barrier or not, cost and benefit from wind barrier are calculated during lifetime. In obtaining car accidental risk, probabilistic distribution of wind speed, daily traffic volume, mixture ratio in the volume, and duration time for wind speed range are considered. It is recommended to install wind barrier if benefit from the barrier installation exceed construction cost. In the numerical examples, case studies were shown for risk and benefit calculation and main risky regions on Korean highway were all evaluated to identify the number of installation sites.

• Journal of the Korean Society of Environmental Restoration Technology
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• v.17 no.6
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• pp.29-37
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• 2014

The objective of this study is to estimate the cost and benefits of street trees for their planting types, specifically, single row, single row+bottom, double row, double row+bottom. Different planting types are compared and analyzed by using Net Present Value (NPV) and benefit-cost ratio (BCR). Existing data are collected from the literature reviews for the use of meta-analysis method for estimating cost and benefit. The elements for analyzing costs are management and planting costs, and benefits are air purification, energy saving and landscape view. The discount rate is applied at a minimum of 3% and a maximum of 5.5%. The unit used in this calculation is km/year. The result shows that the net benefit is highest in double row, followed by single row, double row+bottom, and single row+bottom. The BCR is the highest in double row, followed by single row, double row+bottom, and single row+bottom. The BCR reaches the break-even point from 9 to 17 years depending on the planting types.