• Title/Summary/Keyword: Development Costs

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A Study on the Integration Costs in Korean Electric System in Accordance with Increasing Solar and Wind Power Generation (태양광·풍력 발전 증가에 따른 한국의 전력시스템 내 통합비용에 관한 연구)

  • Kim, Doo Chun;Kim, Kwang Jin;Park, Jung Gu
    • Journal of Energy Engineering
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    • v.28 no.3
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    • pp.42-54
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    • 2019
  • The solar and wind power is spreading as a means to $CO_2$ reduction, but it has the characteristics of the volatility depending on the weather changes. This article aims to estimate the additional integration costs in Korea electric system in response to such volatility of increasing solar and wind power generation, using Korea electric power trading analyzer(KEPTA). The analysis utilizes the statistics of "8th Basic Plan for Long-term Electricity Supply and Demand" and "Renewable Energy Plan 3020". As the results, integration costs will be estimated 13.94Won/kWh~32.55Won/kWh, consisting of 8.94Won/kWh as back-up costs, 1.03Won/kWh~4.45Won/kWh as balancing costs, and 3.97Won/kWh~19.16Won/kWh as grid-costs. These results suggest that when the integration costs are secured, Korea electric system will be expected in the stable situation. This article leaves the further studies with taking the technological development of solar and wind power generation, the introduction of energy storage system, and wholesale price of electricity into consideration.

Development of maintenance cost estimation method considering bridge performance changes (교량 성능변화를 고려한 유지관리비용 추계분석 방법 개발)

  • Sun, Jong-Wan;Lee, Huseok;Park, Kyung-Hoon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.12
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    • pp.717-724
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    • 2018
  • To prepare for the explosive increase in maintenance costs of bridges according to the aging of infrastructure, future maintenance costs of bridges should be predicted. For this purpose, the management status of bridges was investigated and modeled as the upper limit of the performance level and the target management level according to the life cycle. This paper proposes methodologies and procedures for estimating the bridge maintenance costs using two models and existing cost and performance prediction models that consist of unit repair cost model according to the safety score, performance degradation model of bridges, unit reconstruction cost, and average reconstruction time. To verify the applicability, future maintenance costs can be forecasted for specific management agency considering the number of bridges, degree of aging, and current management status. As a result, it is possible to obtain the maintenance cost and safety level of an individual bridge level for each year. In addition, by summing them up to the agency level, the average safety score, ratio of the safety level, inspection costs, repair costs, and reconstruction costs can be obtained. In a further study, the changes in maintenance costs can be analyzed according to the changes in the target management levels using the developed method. The optimal management level can be suggested by reviewing the results.

Development of Crash Cushion by Computer Simulation (컴퓨터 시뮬레이션을 통한 충격흡수시설의 개발)

  • Kim, Dong-Sung;Kim, Kee-Dong;Ko, Man-Gi
    • 한국방재학회:학술대회논문집
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    • 2008.02a
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    • pp.513-516
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    • 2008
  • The development of crash cushions is finally completed by full-scale vehicle crash tests. Since the current development of crash cushions is achieved by numerous repeated full-scale vehicle crash tests based on empirical and irrational methods, it requires a great amount of costs. In this research, the more rational procedure based on prototype design by static tests and computer simulation is suggested and it can minimize the number of full-scale vehicle crash tests.

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Variation of Hospital Costs and Product Heterogeneity

  • Shin, Young-Soo
    • Journal of Preventive Medicine and Public Health
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    • v.11 no.1
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    • pp.123-127
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    • 1978
  • The major objective of this research is to identify those hospital characteristics that best explain cost variation among hospitals and to formulate linear models that can predict hospital costs. Specific emphasis is placed on hospital output, that is, the identification of diagnosis related patient groups (DRGs) which are medically meaningful and demonstrate similar patterns of hospital resource consumption. A casemix index is developed based on the DRGs identified. Considering the common problems encountered in previous hospital cost research, the following study requirements are estab-lished for fulfilling the objectives of this research: 1. Selection of hospitals that exercise similar medical and fiscal practices. 2. Identification of an appropriate data collection mechanism in which demographic and medical characteristics of individual patients as well as accurate and comparable cost information can be derived. 3. Development of a patient classification system in which all the patients treated in hospitals are able to be split into mutually exclusive categories with consistent and stable patterns of resource consumption. 4. Development of a cost finding mechanism through which patient groups' costs can be made comparable across hospitals. A data set of Medicare patients prepared by the Social Security Administration was selected for the study analysis. The data set contained 27,229 record abstracts of Medicare patients discharged from all but one short-term general hospital in Connecticut during the period from January 1, 1971, to December 31, 1972. Each record abstract contained demographic and diagnostic information, as well as charges for specific medical services received. The 'AUT-OGRP System' was used to generate 198 DRGs in which the entire range of Medicare patients were split into mutually exclusive categories, each of which shows a consistent and stable pattern of resource consumption. The 'Departmental Method' was used to generate cost information for the groups of Medicare patients that would be comparable across hospitals. To fulfill the study objectives, an extensive analysis was conducted in the following areas: 1. Analysis of DRGs: in which the level of resource use of each DRG was determined, the length of stay or death rate of each DRG in relation to resource use was characterized, and underlying patterns of the relationships among DRG costs were explained. 2. Exploration of resource use profiles of hospitals; in which the magnitude of differences in the resource uses or death rates incurred in the treatment of Medicare patients among the study hospitals was explored. 3. Casemix analysis; in which four types of casemix-related indices were generated, and the significance of these indices in the explanation of hospital costs was examined. 4. Formulation of linear models to predict hospital costs of Medicare patients; in which nine independent variables (i. e., casemix index, hospital size, complexity of service, teaching activity, location, casemix-adjusted death. rate index, occupancy rate, and casemix-adjusted length of stay index) were used for determining factors in hospital costs. Results from the study analysis indicated that: 1. The system of 198 DRGs for Medicare patient classification was demonstrated not only as a strong tool for determining the pattern of hospital resource utilization of Medicare patients, but also for categorizing patients by their severity of illness. 2. The wei틴fed mean total case cost (TOTC) of the study hospitals for Medicare patients during the study years was $11,27.02 with a standard deviation of $117.20. The hospital with the highest average TOTC ($1538.15) was 2.08 times more expensive than the hospital with the lowest average TOTC ($743.45). The weighted mean per diem total cost (DTOC) of the study hospitals for Medicare patients during the sutdy years was $107.98 with a standard deviation of $15.18. The hospital with the highest average DTOC ($147.23) was 1.87 times more expensive than the hospital with the lowest average DTOC ($78.49). 3. The linear models for each of the six types of hospital costs were formulated using the casemix index and the eight other hospital variables as the determinants. These models explained variance to the extent of 68.7 percent of total case cost (TOTC), 63.5 percent of room and board cost (RMC), 66.2 percent of total ancillary service cost (TANC), 66.3 percent of per diem total cost (DTOC), 56.9 percent of per diem room and board cost (DRMC), and 65.5 percent of per diem ancillary service cost (DTANC). The casemix index alone explained approximately one half of interhospital cost variation: 59.1 percent for TOTC and 44.3 percent for DTOC. Thsee results demonstrate that the casemix index is the most importand determinant of interhospital cost variation Future research and policy implications in regard to the results of this study is envisioned in the following three areas: 1. Utilization of casemix related indices in the Medicare data systems. 2. Refinement of data for hospital cost evaluation. 3. Development of a system for reimbursement and cost control in hospitals.

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A Study on the Characteristics of the Awareness and Satisfication Level of Musculoskeletal Patients and Non-Musculoskeletal Patients that Use Korean Medical Institutions (한방의료기관 이용자 중 근골격계질환자와 비근골격계질환자의 인식도 및 만족도 특성연구)

  • Sung, Angela Dongmin;Choi, Sung Young;Park, Minjung;Sung, Soo-Hyung
    • Journal of Society of Preventive Korean Medicine
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    • v.24 no.3
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    • pp.27-38
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    • 2020
  • Background : The study aimed at examining the awareness and satisfaction level of Korean medicine treatment of musculoskeletal patients and non-musculoskeletal patients. Method : The frequency and percentage were calculated to identify the overall characteristics, and to identify the characteristics of the respondents who visited the hospital to treat musculoskeletal diseases and those who visited for the treatment of non-musculoskeletal diseases, the correlation between the variables was analyzed using the chi-square analysis (χ2-test). Furthermore, analysis items were compared depending on detailed diseases within the musculoskeletal disorder (lumbar pain, sprains, arthritis, frozen shoulders, spondylitis, disc) Result : Respondents who used Korean medicine for the purpose of treating musculoskeletal diseases had answered that costs involved in Korean medicine was expensive, and answered that herbal decoction was the preferred Korean medicine treating method for expanding health insurance benefits. Regarding the safety awareness of Korean medicinal herbs, responses that said it was safe was high, and their willingness to use and recommend Korean medicine in future was also high. Respondents who used Korean medicine for the purpose of treating musculoskeletal diseases said they were overall satisfied along with the attitude of Korean medical doctors, treatment results, and costs of treatments. Conclusion : The study was aimed at securing basic data to indirectly identify the national demand for Korean medicine, through investigating the level and degree of differences that exist in the perception and satisfication level and further find a point where policy intervention is possible in future.

An Explorative Study on the Internalization of External Costs and the Strategic Reaction of the European Logistics Service Providers (외부비용의 내부화를 위한 유럽에서의 정책 환경 변화와 유럽물류산업의 대응전략)

  • Nam, Sang-Min;Kim, Chung-Yul
    • Journal of Korea Port Economic Association
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    • v.26 no.1
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    • pp.172-194
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    • 2010
  • External costs emerge as a consequence of negative external effects. The EU commission and national government in Europe made themselves the internalization of external costs and began to make various measures. The traffic sector plays an important role. At the same time, it affects as financial loads to logistics service providers and carriers in Europe. This study examines current development in european logistic market conditions. It describes the reaction of different market players and stakeholders in the logistic value chain in EU, Switzerland and Germany. A portfolio of different strategic answers to the changing market environment is being developed. Therefore, different options for the internalization of external costs are proposed. This study finally derives propositions for future research.

Comparison of Cost-Efficiency of Nuclear Power and Renewable Energy Generation in Reducing CO2 Emissions in Korea (원자력 및 신재생에너지 발전의 CO2 감축 비용 효율성 비교)

  • Lee, Yongsung;Kim, Hyun Seok
    • Environmental and Resource Economics Review
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    • v.30 no.4
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    • pp.607-625
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    • 2021
  • The objective of this study is to estimate the relationship between CO2 emissions and both nuclear power and renewable energy generation, and compare the cost efficiencies of nuclear power and renewable energy generation in reducing CO2 emissions in Korea. The results show that nuclear power and renewable energy generation should be increased by 1.344% and 7.874% to reduce CO2 emissions by 1%, respectively. Using the estimated coefficients and the levelized costs of electricity by source including the external costs, if the current amount of electricity generation is one megawatt-hour, the range of generation cost of nuclear power generation to reduce 1% CO2 emissions is $0.72~$1.49 depending on the level of external costs. In the case of renewable energy generation, the generation cost to reduce 1% CO2 emissions is $6.49. That is, to mitigate 1% of CO2 emissions at the total electricity generation of 353 million MWh in 2020 in Korea, the total generation costs range for nuclear power is $254 million~$526 million for the nuclear power, and the cost for renewable energy is $2.289 billion for renewable energy. Hence, we can conclude that, in Korea, nuclear power generation is more cost-efficient than renewable energy generation in mitigating CO2 emissions, even with the external costs of nuclear power generation.

The Refinement Project of Health Insurance Relative Value Scales: Results and Limits (건강보험 상대가치 개정 연구의 성과와 한계)

  • Kang, Gil-Won;Lee, Choong-Sup
    • Health Policy and Management
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    • v.17 no.3
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    • pp.1-25
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    • 2007
  • Relative value scales introduced in 2001 remarkably improved health insurance fee schedule, but current relative value scales have many problems. In the beginning the government intended to introduce 'resource based relative value scales(RBRVSs)' like USA, but political adjustment of RBRVS studied in 19.17 weakened the relationship between relative value scale and resource consumption. So unbalance of health insurance fees are existing till now. Also relative value was not divided to physician work and practice expense, and malpractice fee was not divided separately. To correct the unbalance of current relative value scales, the refinement project of health insurance relative value scales started in 2003. The project team divided relative value scales into three components, which are physician work, practice expense, malpractice fee. Physician work was studied by professional organizations like Korean medical association. To develop the practice expense relative value, project team organized clinical practice expert panels(CPEPs) composed of physicians, nurses, and medical technicians. CPEPs constructed direct expense data like labor costs, material costs, equipment costs about each medical procedures. The practice expense relative values of medical procedures were developed by the allocation of the institution level direct & indirect costs according to CPEPs direct costs. Institution level direct & indirect costs were collected in 21 hospitals, 98 medical clinics, 53 dental clinics, 78 oriental clinics, and 46 pharmacies. The malpractice fee relative values were developed through the survey of malpractice related costs of hospitals, clinics, pharmacies. Putting together three components of relative values in one scale, the final relative values were made. The final relative values were calculated under budget neutrality by medical departments, that is, total relative value score of a department was same before and after the revision. but malpractice fee relative value scores were added to total scores of relative values. So total score of a department was increased by the malpractice fee relative value score of that department This project failed in making 'resource based' relative value scales in the true sense of the word, because the total relative value scores of medical departments were fixed. However the project team constructed the objective basis of relative value scale like physician's work, direct practice expense, malpractice fee. So step by step making process of the basis, the fixation of total scores by the departments will be resolved and the resource based relative value scale will be introduced in true sense.

An economic feasibility analysis of the reduction of accident at fishing operation in stow net fishery (안강망어업 작업 중 안전사고 저감의 경제적 효과 분석)

  • KIM, Do-Hoon;YI, Ju-Hyun;LEE, Yoo-Won
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.56 no.3
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    • pp.258-264
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    • 2020
  • This study aimed to analyze the economic feasibility of the reduction of working safety accidents in stow net fishery through the prevention education to fishing crews. The benefit was evaluated by estimating insurance payment amount that was reduced through prevention education. The decreasing rate of working safety accidents was presumed to follow the experience in Japan. The cost was assumed as the cost of textbook development. Results indicated that IRR was estimated to be 79.9% in case of scenario assuming no additional operating costs while IRR was 56.3% in case of scenario assuming 10% additional operating costs. In addition, the economic feasibility would be secured when annual operating costs increased to 274 million won according to the result of sensitivity analysis.

New Design for Jacket-type Offshore Wind Turbine Support Structure for Southwest Coast of South Korea

  • Choi, Byeong-Ryoel;Jo, Hyo-Jae;Choi, Han-Sik;Ha, Sung-Yeol;Park, Young-Ho
    • Journal of Advanced Research in Ocean Engineering
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    • v.3 no.4
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    • pp.184-192
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    • 2017
  • The Korea Offshore Wind Power (KWOP) cooperation is planning to construct offshore wind energy farms with an overall rated power of 2.5 GW along the southwestern coast by 2019. Hitherto, various structural types of support structures for offshore wind turbines have been being proposed, but these structures have lacked economic analysis studies. Therefore, their economical superiority to existing types has been difficult to guarantee. An offshore structure with economic efficiency will have a minimum amount of mobilizing equipment and short offshore construction period because of the application of rapid installation methods. Thus, the development of a new support structure with economic efficiency is generally considered to be necessary. Accordingly, this paper proposes a newly developed and more economical jacket type for the offshore support structure. This study confirmed its structural safety and performance by conducting a structural analysis and eigenvalue analysis. The manufacturing and installation costs were then estimated. As a result, the new jacket type of offshore support structure proposed in this study significantly reduced the manufacturing and installation costs. Therefore, it is expected that the proposed jacket will contribute to reducing construction expenses for new wind power farms and invigorating wind power farm businesses.