• Journal of Korea Water Resources Association
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• v.44 no.9
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• pp.765-776
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• 2011

Flood discharge capacity in a dam downstream reach has been decreased after dam construction because of the river cross section reduction impacted by farm lands, sand-bars and parking lots, etc. in river flood plains. Those obstacles being in the river inside areas have caused negative influences to the dam operation policy. Therefore, the dam downstream river improvement work associated with the dam operation improvement plan is under construction for removing reduction factors on the dam effective storage, assuring flood safety in the dam downstream river and incrementing dam operation benefits. But the project has issued some problems such as project feasibility, economic evaluation, cost allocation and benefit share, etc. Since a dam enterpriser has not committed such kind of project before, it is necessary to set up an objective analysis process and a quantitative financial valuation. This study examines the measurable economic benefits and the cost allocation of the project for the fairness between benefit owners (central government and water electricity enterprisers). As a result, the total economic benefit from 3 dams (Imha, Daechung and Youngdam Dam) accounts for 14.41 Billion Won/year. The financial valuation of K-water as a project enterpriser is approximately estimated at 40% of the total value and the government is 60%.

• Journal of Radiation Protection and Research
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• v.24 no.2
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• pp.65-72
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• 1999

A methodology for determining the optimal durations of the use of contaminated crops as feedstuffs of cattle was designed based on the cost-benefit analysis method. The results of application for pigs, an omnivorous cattle, were discussed for the hypothetical deposition of radionuclides on August 15 when a number of crops are fully developed in Korean agricultural conditions. For investigating the relative cost-effectiveness of the use of contaminated crops as feedstuffs, the net benefit was compared with the case of the direct disposal of contaminated crops. The time-dependent radionuclide concentration in crops after the deposition was predicted using a dynamic food chain model DYNACON. The net benefit from the actions was quantitatively evaluated in terms of cost equivalent of doses and monetary costs of implementing the action. It depended on a number of factors such as radionuclides, variety of crops supplied as feedstuffs and duration of the actions. The use of contaminated crops as feedstuffs was more cost effective for $^{90}Sr\;or\;^{131}I$ deposition than for $^{137}Cs$ deposition.

• Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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• 2008.11a
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• pp.303-310
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• 2008

In Korea, the current noise impact assessment has not yet considered the vertical noise propagation property by buildings and other obstacles. And noise control plan has been established without conducting the economic assessment for the noise control facilities. A noise map is used to calculate the noise level based on a theoretical formula or an empirical formula, and also predict the characteristics of vertical propagation by linking with a geometry data. And It is Possible to analyze cost-effect of noise control facilities by consider installation costs. In this study, we addressed the application of noise map for noise impact assessment and cost-effect analysis of noise control facilities.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.7
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• pp.950-956
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• 2012

As development of battery technologies, the installation of Battery Energy Storage System (BESS) increased. The BESS can be used for various purposes such like frequency response, load leveling, and fluctuation mitigation of renewable energy generators. In this paper, three state BESS model is proposed. the BESS model considering charge, discharge and keeping efficiency, and life cycle according to depth of discharge (DOD). Then, the benefit and cost of BESS installed at substation for load leveling are summarized. The economic evaluation of BESS is analyzed using net present values (NPV) analysis. In case study, the NPV analysis of NaS battery system is carried out using the proposed BESS model. Because the result of economic evaluation of BESS using nowadays cost data is not positive, the sensitivity analysis of BESS is conducted by changing the capital cost and energy cost.

• Journal of the Korean Society for Marine Environment & Energy
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• v.17 no.4
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• pp.274-282
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• 2014

The Korean government is considering the implementation of the marine debris pollution abatement technology program (MDPATP) to mitigate the negative impacts of marine debris and systematically manage marine debris through scientific researches such as monitoring and environmental impact assessment of marine debris. In this regard, this study attempts to analyze the economic feasibility of the MDPATP in order to provide policy-maker with useful information. To this end, the indices for economic feasibility such as net present value (NPV), benefit/cost (B/C) ratio, and internal rate of return (IRR) are presented. The results show that NPV, B/C ratio, and IRR are computed to be 45.7 billion won, 2.72, and 17.12%, respectively, which are bigger than 0, 1.0, and 5.5%, and that the MDPATP passes the cost-benefit analysis. Thus, it is concluded that it is socially profitable to conduct the MDPATP.

• Economic and Environmental Geology
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• v.47 no.3
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• pp.219-225
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• 2014

In Korea, there are 1,474 thousand pumping wells nationwide which account for about 12% of total water use in 2012. As much as 39 hundred million tons of groundwater were used while 333 hundred million tons of total water were supplied in 2012. Because the water management authority projects that water demand will exceed supply by 2021, the authority is planning to extensively expand groundwater use in accordance with economic feasibility. Using the basic frameworks of cost-benefit analyses of the World Bank and the US Environmental Protection Agency (US EPA), the objective of this study is to examine the costs and benefits of the expansion of Korea's groundwater extraction through pumping wells. We conclude that the BC ratio of the groundwater pumping wells is 2.98. This signifies that the benefits are 2.98 times higher than the costs. The benefits include use and non-use values of pumping wells while the costs include the installation and maintenance of new wells, in addition to the restoration and pollution costs of abandoned wells, as well as fees for water quality tests, etc.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2015.11a
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• pp.479-487
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• 2015

In Korea, there are 1,474 thousand pumping wells nationwide which account for about 12% of total water use in 2012. As much as 39 hundred million tons of groundwater were used while 333 hundred million tons of total water were supplied in 2012. Because the water management authority projects that water demand will exceed supply by 2021, the authority is planning to extensively expand groundwater use in accordance with economic feasibility. Using the basic frameworks of cost-benefit analyses of the World Bank and the US Environmental Protection Agency (US EPA), the objective of this study is to examine the costs and benefits of the expansion of Korea's groundwater extraction through pumping wells. We conclude that the BC ratio of the groundwater pumping wells is 2.98. This signifies that the benefits are 2.98 times higher than the costs. The benefits include use and non-use values of pumping wells while the costs include the installation and maintenance of new wells, in addition to the restoration and pollution costs of abandoned wells, as well as fees for water quality tests, etc.

• Journal of Navigation and Port Research
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• v.35 no.1
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• pp.23-30
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• 2011

This study was carried out in order to verity the usefulness of FSA(Formal Safety Assessment) methods as a tool to conduct a safety assessment of general cargo ships flying the Korean flag, and to provide useful information on 'the Safety of General Cargo Ships' for IMO committee's discussion on the matter at a future session. In the previous paper, "A Study on High-level FSA for Korean-flagged General Cargo Ships(1)", the concepts of the FSA methodology and its five steps were described and the results of Hazard Identification(Step 1) and Risk Analysis(Step 2) from the FSA study for the Korean-flagged general cargo ships were discussed. Subsequent to the Steps 1 & 2, the identification of Risk Control Options(RCOs-Step 3) for eliminating or reducing either the frequency or the severity of the risks identified and their Cost-Benefit Assessment(CBA-Step 4) were undertaken. In this paper, the results of the Steps 3 & 4 are discussed, and some recommendations are made.

• Resources Recycling
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• v.28 no.4
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• pp.37-43
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• 2019

Due to environment problems in end of Life Vehicle in the country, the interest in remanufacturing is heightened than ever. In this study, it is important to quantitatively evaluate the economic effect of the introduction of the automotive remanufacturing business and analyzed cost-benefit for the three species of bumpers, doors, fenders, which is relatively lower remanufactured automotive component. The results showed that cost-beneift of each parts were analyzed 54,000 per one part, and if remanufacturing were 50%, benefits were to occur with a profit of 226,060 won. Thus, remanufacturing of bumpers, doors, fender resulted a significant benefit, and then it is possible that remanufacturing company have enough economic value for remanufacturing.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.36 no.4
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• pp.685-694
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• 2016

Visibility of lane marking is impaired at night, or in case of rain, and thereby threatens traffic safety. Recently, various studies and technology have been developed to improve lane marking visibility, such as the extension of lane marking life expectancy (up to 1.5 times), improvement of lane marking equipment, improvement of lane marking visibility (32.7%) by applying phosphorescent material mixed paint, and expressway lane design standards alternative (length 6m, gap 12m, width 13cm: 27.8% of painted surface are reduced) adoption with ergonomic analysis. In this study, a set of cost-benefit analyses was performed for the cases where such techniques were applied. Based on the literature review, 26.9% of traffic accidents would be prevented by improving lane marking visibility by 32.7%; accident reduction benefit was calculated as much as 12.5 billion KRW. Meanwhile, total increased cost when introducing phosphorescent material mixed paint and lane design standards alternative is calculated as 30.6 billion KRW. However, economic feasibility could not be secured with 0.41 of cost-benefit ratio when applied to the expressway network as a whole. Additionally, cost-benefit (B/C) analysis was applied to each of the top 20 night accident hot spots and the results of B/C ratios were between 0.67 and 4.20, showing that 11 out of 20 spot sections of expressway can have economic feasibility. This results indicate, with this kind of pavement marking applied to accident hot spots in rural expressway, better visibility and economic feasibility can be guaranteed through traffic accident reduction. Some limitations and future research agenda have also been discussed.