• Journal of Korean Society of Industrial and Systems Engineering
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• v.37 no.4
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• pp.82-89
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• 2014

Recently, the mineral resource protection policies and regulations in production countries of natural resources including rare metals are becoming more stringent. Such environment makes which market has malfunction. In other word, those are not perfect or pure market. Therefore because each market of natural resources have special or unique characters, it is difficult to forecast their market prices. In this study, we constructed several models to estimate prices of natural resources using statistical tools like ARIMA and their business indices. And for examples, Indium and Coal were introduced.

• Korean System Dynamics Review
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• v.7 no.2
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• pp.35-56
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• 2006

Korea is implementing strong regulatory derives such as Feed in Tariff to provide incentives for renewable energy developers. But if the government is planning to increase the renewable capacity with only "Price policy" not considering the investors behavior in the competitive electricity market, the policy would be failed. It is necessary system thinking and simulation model analysis to decide government's incentive goal. This study is focusing on the assesment of the competitiveness of renewable energy with the current Feed in Tariff incentives compared to the traditional energy source, specially coal and gas. The simulation results show that the market penetration of renewable energy with the current Feed-in-Tariff level is about 60-70% of the government goal under condition that the solar energy and fuel cell are assumed to provide the whole capacity set in the governmental goal. If the contribution from solar and fuel cell is lower than planned, the total penetration of renewable energy will be dropped more. Notably, Wind power turned out to be proved only 10% of government goal because of its low availability.

• IE interfaces
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• v.10 no.1
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• pp.237-248
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• 1997

The purpose of this study is to make an economic analysis of power plant utilities by examining electricity generating costs with environmental consideration. Economic growth has caused pollutant emission, and subsequent environmental pollution has been identified as a very real limit to sustainable development. Considering the enormous role of electricity in the national economy, it is thus very important to study the effect of environmental regulations on the electricity sector. Because power utilities need large investments during construction, operation and maintenance, and also require much construction lead time. Economic analysis is the very important process in the electric system expansion planning. In this study, the levelized generation cost method is used in comparing economic analysis of power plant utilities. Among the pollutants discharged of the electricity sector, this study principally deals with the control activities related only to $CO_2$, and $NO_2$, since the control cost of $SO_2$, and TSP (Total Suspended Particulates) is already included in the construction cost of utilities. The cost of electricity generation in a coal-fired power plant is compared with one in an LNG combined cycle power plant. Moreover this study surveys the sensitivity of fuel price, interest rate and carbon tax. In each case, this sensitivity can help to decide which utility is economically justified in the circumstance of environmental regulations.

• Journal of Navigation and Port Research
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• v.39 no.2
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• pp.99-105
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• 2015

Until recently, thermal power plants have used high-rank coals to generate electricity. The switched to low-rank coals, primarily because of the rising coal price and the advancement of combustion technology. Therefore the thermal power plants need more fuels aspect of quantity and they are going to build extra infrastructure to deal with the increased fuel demand in their specialized ports. This paper introduces the process of the economic analysis as a case study for Hadong T/P(Thermal Power) Port. This study also evaluates investment for mew projects in ports. We analyze the costs and benefits of the port investment project using various information. And then we conduct the economic analysis using NPV(net present value), B/C ratio and IRR grounded in a financial theory. Out result of the economic feasibility shows that the new project of constructing a third berth in Hadong T/P Port has positive economic value. Additionally, this study conducts the sensitivity analysis of the major variables like cost, benefit and discount rate.

• New & Renewable Energy
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• v.4 no.4
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• pp.37-43
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• 2008

Three properties of food waste are water 80%, ash 3%, volatile matter 17%. When food waste goes through treatment process such as removal of foreign substances, removal of water as well as sodium, dryness, and pulverization, it transforms into 4,000 Kcal/kg purverized fuel if moisture content is below 13%. Fuel ratio (fixed carbon/volatile matter) of purverized fuel is low compared with bituminuous coal. Ignition temperature measured by thermogravimetry analyzer is about $460^{\circ}C$. Combustion test of purverized fuel have been performed using energy recovery facility which include storage tank of dewatered cake, dryer, hammer mill, combuster including burner, boiler, flue gas treatment equipment. When 160-180 kg/hr of fuel is steadily supplied to burner for 3 hours, combustor temperature reaches about $1000^{\circ}C$ and CO is 77-103 ppm at 1.55 excess air ratio and SOx and Cl are under 2 ppm and 1ppm, respectively. This experiment demonstrate that purverized fuel made from food waste could be an alternative clean energy at the age of high oil price.

• 한국신재생에너지학회:학술대회논문집
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• 2008.10a
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• pp.149-152
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• 2008

Three properties of food waste are water 80%, ash 3%, volatile matter 17%. When food waste goes through treatment process such as removal of foreign substances, removal of water as well as sodium, dryness, and pulverization, it transforms into 4,000Kcal/kg purverized fuel if moisture content is below 13%. Fuel ratio(fixed carbon/volatile matter) of purverized fuel is low compared with bituminuous coal. Ignition temperature measured by thermogravimetry analyzer is about $460^{\circ}C$. Combustion test of purverized fuel have been performed using energy recovery facility which include storage tank of dewatered cake, dryer, hammer mill, combuster including burner, boiler, flue gas treatment equipment. When 160-180 kg/hr of fuel is steadily supplied to burner for 3 hours, combueter temperature reaches about $1000^{\circ}C$ and CO is 77-103ppm at 1.55 excess air ratio and SOx and Cl are under 2ppm and 1ppm, respectively. This experiment demonstrate that purverized fuel made from food waste could be an alternative clean energy for high oil price era

• Journal of the Korean Regional Science Association
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• v.8 no.2
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• pp.11-26
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• 1992

In spite of her abundant natural resources for tourist industry, Kangreung and Sokcho area became lagged in economic development during the national industrialization. The major purpose of this study is to exactly purpose of this study is to exactly measure the impacts of tourist industry on regional development. Through the regional input-output analysis, we found some critical facts: (1) Input coefficients are relatively high in those industries as fish products, food and drink products, and printing and publishing. (2) Input coefficients are high in fiber and apparel products, and other manufac-turing. (3) Induced production effects are high in chemical and coal products, fish products, food and fish products, printing and publishing, and public administration for Sokcho. (4) As for the induced employment effect, food and lodging, other services, wholesale and retail show high coefficients. (5) As for the location quotients, food and lodging, fish products, transportation and ware housing are identified as basic industries. Through the questionnaire survey, we also found some important facts: (1) Residents tend to evaluate employment effects higher than the income effects from resort-related development. (2) Pollution, forest demolition, general price increase, and traffic congestions are more serious than ever reported. (3) Willingness to participate in resort development is high, but is discouraged by the lack of regional capital. Based on these findings, we suggest some future directions of tourist industry: (1) blocking the leakage of income produced in tourist and tourist industry, (2) connection between fishery and tourist industry, (3) development of tourist route, and (4) administrative reshuffling that helps joint development between private and public sectors.

• Environmental and Resource Economics Review
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• v.25 no.3
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• pp.377-401
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• 2016

This study analyzes how much cost the power generation and energy sector in South Korea have to bear due to the introduction of emissions trading scheme during 2016 - 2017. To this end, the data on the seventh basic plan for long-term electricity supply and demand is applied to the electricity market simulation model called M-Core, and then the model forecasts carbon dioxide emissions to compare with the free emission allowances in the first national emissions permit allocation plan. The main results are as follows. Carbon dioxide emissions are estimated to be less in 2016 but more than the free emission allowances in 2017. When the price of the allowances is changed from \10,000/ton to \20,000/ton, the cost of purchasing the allowances is ranged from \70 billion to \140 billion. Under the assumption that CO2 cost is incorporated into the variable cost, a reversal of merit order between coal and LNG generation takes place when the price of the allowances exceeds \80,000/ton.

• Journal of Environmental Policy
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• v.8 no.1
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• pp.49-72
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• 2009

To analyze the direct and indirect $CO_2$ emission structure according to industries in Korea, a hybrid IO table quantifying the section of energy in the IO table is needed. However, the results of the recent researches revealed differences in the total amount of $CO_2$ emission by researchers in addition to significant standard deviation in industrial distribution. This study intends to make comparative analysis of the existing method of making an IO table for energy and environment and presents an improvement scheme to contribute to an improvement in calculation of the total amount of $CO_2$ emission and estimation of the emission by industries in Korea. For this purpose, division was made into use as raw materials of energy and that as fuel and a new hybrid IO table was made by removing confounding factors caused by the product tax and subsidies. As a result, the oil and coal industry emitted 5.2 times less $CO_2$ after removing energy inputted as raw materials from the transaction table than before. The amount of $CO_2$ emission estimated by using the IO table based on basic price was found to be 2.7% less than by using the IO table based on the producer price.

• Environmental and Resource Economics Review
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• v.22 no.1
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• pp.77-98
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• 2013

China, the world's largest $CO_2$ producer, is likely to be obligated to reduce greenhouse gas emissions under the post-Kyoto protocol. This paper estimates a Shephard input distance function for the Chinese fossil-fueled power generation sector to measure the shadow price of $CO_2$ emissions, technical efficiency, and indirect Morishima elasticities of substitution between inputs. Empirical results show that, on average, it costs approximately 3.2 US dollars per year to reduce $CO_2$ emissions by one ton over the period 1981-2009. This finding indicates that Chinese power sector is expected to benefit from selling emission permits to other countries such as Korea and Japan, given that our estimate for China is lower than the ones previous literatures estimated for the power sector in these countries. The maximum attainable average $CO_2$ reduction potential amounts to approximately 25 million tons per year by improving technical efficiency. Capital is substitutable with both coal and oil and capital is relatively more readily substituted for these fuels.