• KIEAE Journal
• /
• v.15 no.6
• /
• pp.5-10
• /
• 2015

Purpose: To evaluate the economic performance of grid-connected photovoltaic system in residential house, household electricity bill policy of Korea Electric Power Corporation (KEPCO) must be applied precisely, and market tendency and uncertainty of system also need to be considered. In this study, to evaluate the economic feasibility of PV system, we measured PV power generation and electricity consumption of six of Green home in Daejeon through web based remote monitoring system. Method: We applied Monte-Carlo simulation based on life cycle cost analysis, to reflect an uncertainty of main factor in economic feasibility evaluation of photovoltaic system. Result: First, with deterministic analysis, the difference of NPV of cumulative financial savings among households varied from -3,310 ~ 24,170 thousand won, portraying notably big range. Also the possibility of getting the same result was 50% when applying uncertainty. Second, the higher electricity consumption is, the more economic feasibility of photovoltaic system increases because KEPCO uses progressive taxation in household electricity bill policy. Third, The contribution to variance of electricity price increases in NPV varied from 98.5% to 99.9%. While the inflation rate and annual degradation contributed very little to none.

• Ocean and Polar Research
• /
• v.39 no.3
• /
• pp.213-219
• /
• 2017

In this study, we analyzed the economic feasibility of the swimming crab (Portunus trituberculatus) fry releasing program in the West Sea of Korea. The catch rate of released fry in 2010, measured by genetic markers, was applied to the economic surplus method to estimate benefits. As a result of our analysis, the B/C ratio, as an indicator of economic evaluation, was determined to be 2.168, which means that the releasing program was economically feasible. And it was shown that the benefits to consumers is six times greater than the benefits to producers, confirming the necessity of the releasing program as a public work.

• Proceedings of the Safety Management and Science Conference
• /
• 2003.11a
• /
• pp.203-206
• /
• 2003

Each method for economic evaluation has its own characteristics. Therefore adoption of each of them in evaluation production investment project results in many problems. Hence combination & modification of them are required to perform more accurate evaluation about investment project. This paper discuss evaluation method of investment projects expansion and replacement investment on each line or individual in the production. Generally investment evaluation method has add to a few method by Subsidiary means with use a especial method. And then in this paper, a Taguchi Techniques is presented, which may be effective to the facilities appraisal or improvement. We propose a decision model to incorporates the values assigned by a group of experts on different factors in production. Using this model, SN ratio of taguchi method for each of subjective factors as well as values of weights are used in this comprehensive method for reducing production rate in production management.

• Journal of the Korea Safety Management & Science
• /
• v.5 no.4
• /
• pp.147-156
• /
• 2003

Each method for economic evaluation has its own characteristics. Therefore adoption of each of them in evaluation production investment project results in many problems. Hence combination & modification of them are required to perform more accurate evaluation about investment project. This paper discuss evaluation method of investment projects expansion and replacement investment on each line or individual in the production. Generally investment evaluation method has add to a few method by Subsidiary means with use a especial method. And then in this paper, a Taguchi Techniques is presented, which may be effective to the facilities appraisal or improvement. We propose a decision model to incorporates the values assigned by a group of experts on different factors in production. Using this model, SN ratio of taguchi method for each of subjective factors as well as values of weights are used in this comprehensive method for reducing production rate in production management.

• The Journal of the Korea Contents Association
• /
• v.15 no.9
• /
• pp.257-272
• /
• 2015

This study is to verify how the economic, social and moderating effect factors of baby boomer generation workers' affect the subjective health evaluation. The subjective of this study was 1,202 workers of baby boomer generation by using the 4th data of Korea longitudinal study of aging(KLoSA) from Korea Labor Institute in 2012. Economic and social factors were selected as scales to analyze if there is meaningful difference in subjective health evaluation. Method of frequency analysis, t-test, ANOVA and correlation analysis was used, and multi regression analysis was also conducted to verify whether the private health insurance has control effect over the relation between the subjective health evaluation and the economic & social factor. As a result of the study, age, education, home ownership, peer group meeting, overall satisfaction, private health insurance were major factors affecting the subjective health evaluation of baby boomer generation. Moreover private health care were turned out to have a moderation effect in relation between economic, social factor and subjective health evaluation.

• The Transactions of The Korean Institute of Electrical Engineers
• /
• v.66 no.7
• /
• pp.1032-1038
• /
• 2017

Recently, regulation on carbon emissions has been strengthened according to the new climate change convention (COP21) held in Paris, and then Korea has decided to reduce CO2 emissions by 37% until 2030. As one of countermeasures, the government has energetically performed demonstration projects of island micro-grid including solar power, wind power and energy storage system. However, in order to smoothly introduce island micro-grid, it is a critical issue to carry out the economic evaluation for power utility aspect and independent power producer aspect. Therefore, this paper proposes economic evaluation algorithms of island micro-grid which are based on the present worth method, considering cost and benefit factors in the aspect of both sides. Firstly, in case of power utility this paper proposes algorithm to estimate a period of return on investment according to the introduction capacity of distributed generators replacing diesel generator. And also, in case of independent power producer, this paper proposes evaluation algorithm to estimate weighting factor of SMP and benefit rate based on break-even point related with cost and benefit. From a case study result on real island micro-grid model, it is confirmed that proposed algorithms are useful and practical for the economic evaluation of island micro-grid.

• Proceedings of the KIEE Conference
• /
• 1992.07a
• /
• pp.106-109
• /
• 1992

This paper Introduces the concept of the generation cost of generating utilities and its calculation methods. Also, the economic evaluation method using generation cost which is called as a screening curve method will be presented along with the benefits and disadvantages of this concept. Next, the least-cost electric utility planning techniques which is used very widely in many countries will be Introduced In comparison with screening curve method. In this aspects, the optimal dynamic mix can be determined as a result. By comparing these two concepts, we will get the concrete concept why the economic evaluation method using generation cost can not be used for the future generation expansion planning.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
• /
• v.14 no.5
• /
• pp.377-384
• /
• 2002

For economic evaluation of cooling plant equipments, it is necessary to simplify energy Prediction method, which should includes efficiency corrected by part-load ratio. This study proposed simplified method with regression equations of time-average partial loads and refrigerator capacity. DOE-2 Program was used to carry out a parametric study of twelve design variables. Five input variables were considered to be significant and were used in the regression equations. To test accuracy of simplified method, calculated results were compared with DOE-2 simulated results. Test result showes a good agreement with the simulation result with an error of 5.9∼7.6%. It is expected that this method can be used as an easy prediction tool for comparing energy use of different cooling plants during the early design stage.

• Journal of the Korean Society of Manufacturing Technology Engineers
• /
• v.20 no.4
• /
• pp.509-515
• /
• 2011

When a manufacturing system is designed, various kinds of evaluation methods are used for selecting the best alternative. Net present value, inner rate of return and payback period are popular quantitative measures for the economic assessment, but other qualitative measures should be considered for evaluation. The analytic hierarchy process(AHP) has been used as the popular method for the multi criteria decision making problem that considers both quantitative and qualitative criteria. This paper explains the process of economic assessment, and how to use the AHP for evaluating the designs of the assembly lines for lens module installed in mobile phone.

• Journal of the Architectural Institute of Korea Structure & Construction
• /
• v.35 no.2
• /
• pp.37-44
• /
• 2019

The primary objective of this study is to develop a prototype of all-in-one attachment-based PHC pile head cutting robot that improves the conventional work in safety, productivity, and quality. For this, the following research works are conducted sequentially; 1)literature review, 2)development of an all-in-one attachment-based PHC pile head cutting robot prototype, 3)performance evaluation of each device, 4)economic analysis of an automated method. As a result, PHC pile cutting level sensing device, PHC pile cutting device, PHC pile handling device are developed. Futhermore, working process of an automated method is developed based on result of performance evaluation. According to the economic analysis result, the cost of the automated method was 21.37% less than that of the conventional method, and the economic efficiency was also superior(ROR 215.44%, Break-even Point 5.52month). It is expected that conclusions for future improvements are used in the development of the all-in-one attachment-based PHC pile head cutting robot to practical use.