• Title/Summary/Keyword: Economic Evaluations

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Feasibility Study on the Development of $High-T_c$ Superconducting Power Cable System (고온초전도 케이블 시스템 개발에 관한 타당성 조사)

  • Hwang, Si-Dole;Hyun, Ok-Bae;Choi, Hyo-Sang;Kim, Hye-Rim;Kim, Sang-Joon
    • Proceedings of the KIEE Conference
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    • 2000.07a
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    • pp.172-174
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    • 2000
  • This paper summarizes the feasibility study of HTS power cables in Korea, including the conceptual design of a 154 kV 1000 MVA class HTS cable system, and the relative economic evaluations between conventional and HTS cable systems in Seoul area. According to the results of the economic evaluations, the HTS cable system can reduce the construction work for 168km of underground transmission lines, saving 700 million USD of construction cost in 2010.

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Experimental and Numerical Analysis of Warm Mix Asphalt Pavement prepared using Steel Slag and RAP (제강슬래그와 폐아스팔트를 활용한 중온 아스팔트 포장의 거동 분석)

  • Lee, Hojoung;Jang, Dongbok;Kim, Hyunwook;Kim, In-TaI;Kim, Kibyung;Lee, Jaehoon
    • International Journal of Highway Engineering
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    • v.19 no.2
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    • pp.55-65
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    • 2017
  • PURPOSES : This study aimed to analyze the experimental and numerical behavior of warm mix asphalt pavement prepared using steel slag and RAP and to conduct economic analysis of pavement construction. METHODS : For developing high performance asphalt pavement, we performed three evaluations: fundamental analysis, experimental testing, and 3D finite element analysis. In particular, 3D finite element analysis was conducted on several pavement structures by adopting the results of experimental tests. RESULTS : Through the various evaluations, it was established that steel slag was effective for use as asphalt mixture aggregate. Moreover, asphalt mixture constituting steel slag and RAP demonstrated higher performance behavior compared with conventionally used asphalt mixture. Furthermore, based on the 3D FE modeling, we established that the developed asphalt pavement constituting steel slag and RAP can be utilized for thin layer pavement with comparable performance behavior. CONCLUSIONS :Warm mix asphalt pavement prepared using steel slag and RAP is more competitive and economic compared to hot-mix asphalt pavement. Moreover, it can be applied for preparing thin layer asphalt pavements with reasonable performance. The developed warm mix asphalt pavement prepared using steel slag and RAP can be an alternative pavement type with competitive performance based on the reasonable economic benefit it provides.

Development on Benefit Indicators of Economic Evaluation of Agricultural Irrigation and Drainage Project -A Case Study between Korea and Japan- (한국 농업 관개배수사업의 경제성 평가를 위한 지표 개발 -한국과 일본의 사례를 중심으로-)

  • Baek, Seung-Woo;Jeong, Ahn-Seong
    • Korean Journal of Organic Agriculture
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    • v.21 no.4
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    • pp.501-522
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    • 2013
  • This study has performed comparative analysis on benefit indicators in agricultural irrigation and drainage project cases between Korea and Japan. The irrigation and drainage project with publicity should do economic analysis of direct benefit factors as well as indirect benefit factors. However, traditional economic evaluations are used that benefit factors are lack of consistency and focused on direct benefits. Therefore, the purpose of this study was to develop indicators for the economic evaluation of irrigation and drainage projects. We conducted a case study between Korea and Japan. The resulting benefit factors was divided into direct factors and indirect factors. The direct benefit factors were increase in income, cost savings. The indirect benefit factors were protection of property due to flooding, agricultural promotion, aesthetic improvement. The implications of this study are that the indicators of economic analysis can be evaluated and easily applied. Moreover, these indicators could promote the feasibility of economic analysis.

A Case Study using Transferability Diagnosis Tools Between Countries for Economic Evaluations of Rheumatoid Arthritis Drugs (경제성평가의 국가간 적용가능성 진단도구를 이용한 류마티스관절염 치료제 사례 연구)

  • Ku, Hye-Min;Kwon, Jeong-Mi;Park, Se-Young;Kang, Suk-Hyun;Lee, Eui-Kyung
    • Korean Journal of Clinical Pharmacy
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    • v.19 no.2
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    • pp.81-88
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    • 2009
  • Objectives: With more and more health economic evaluations being performed in many countries, the question of whether the results from the foreign studies can be transferred to other country is becoming important. The objective of this study was to conduct a case study using three transferability diagnosis tools for economic evaluation on rheumatoid arthritis. Methods: Three diagnosis tools were used to assess transferability: Welte's tool, Boulenger's and Urdahl's. Five researchers who have experience on economic evaluation made consensus on the evaluation through the semi-delphi method. Results: With Welte's tool, absolute and relative prices in healthcare, practice variation, health-status preference, productivity and work-loss time were evaluated as biased. The transferability information score by Boulenger's was 85.9%, which means qood quality reporting. In case of Urdahl's, research questions were well defined and reporting was transparent and explicitly stated. However, both the relevance of data inputs to Korea and robustness of model were relatively low. In conclusion the UK study on rheumatoid arthritis could be partially transferable to Korea, and will need modeling-based adjustments.

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How Partisan Voters Dispense Reward and Punishment for Government Performance: The Influence of Partisan Blame Attribution on Trust in Government (당파적 유권자는 정부의 국정 운영에 대해 어떻게 문책하는가?: 정부의 국정 운영 평가와 정부 신뢰, 그리고 당파적 책임 귀속)

  • Sung, Yaejin;Gil, Jung-ah
    • Korean Journal of Legislative Studies
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    • v.27 no.1
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    • pp.79-115
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    • 2021
  • Voters' negative evaluations of government performance lower their trust in government, which functions as the reward and punishment for the government. Trust in government thus serves to promote political accountability of the representative government. However, voters build their confidence toward the party government where the ruling party is responsible for the performance. Considering this partisan nature, we empirically examine that the influence of voters' performance evaluations on governmental trust is conditional on their party identifications. While higher perceptions of political/social conflict and increasing negative evaluations of government policies and economic performance are associated with the lower level of confidence in government, the relationship is contrasted between different party identifiers. For supporters of the ruling party in 2020, the negative evaluations of government performance are not likely to reduce trust in government a lot. On the contrary, those who identify with the main opposition party show the most prominent effect of negative evaluations on their distrust in government. This study demonstrates that trust in government is affected by voters' partisan preferences, not entirely by evaluations of government performance. Such a distortion of the reward and sanction function of governmental trust might lead to the weakening of the accountability mechanism in representative democracy.

Development of an Incentive Level Evaluation Technique of Direct Load Control using Sequential Monte Carlo Simulation (몬테카를로 시뮬레이션을 이용한 직접부하제어의 적정 제어지원금 산정기법 재발)

  • 정윤원;박종배;신중린
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.53 no.2
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    • pp.121-128
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    • 2004
  • This paper presents a new approach for determining an accurate incentive levels of Direct Load Control (DLC) program using sequential Monte Carlo Simulation (MCS) techniques. The economic analysis of DLC resources needs to identify the hourly-by-hourly expected energy-not-served resulting from the random outage characteristics of generators as well as to reflect the availability and duration of DLC resources, which results the computational explosion. Therefore, the conventional methods are based on the scenario approaches to reduce the computation time as well as to avoid the complexity of economic studies. In this paper, we have developed a new technique based on the sequential MCS to evaluate the required expected load control amount in each hour and to decide the incentive level satisfying the economic constraints. In addition, the mathematical formulation for DLC programs' economic evaluations are developed. To show the efficiency and effectiveness of the suggested method, the numerical studies have been performed for the modified IEEE reliability test system.

Economic Effects of the Port Industries (항만산업의 경제적 파급효과)

  • Kim, An-Ho;Gi, Seong-Rae
    • Journal of Korea Port Economic Association
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    • v.21 no.4
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    • pp.141-160
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    • 2005
  • This paper estimate and analyze the economic effect of the port industries as well its production inducement coefficient, effect ratio and response ratio using above-mention input-output analysis. The results of analysis is that the production inducement effects and the forward and backward linkage effects of port industries sectors are evaluated low evaluations. This results is not the port industry doesn't have low effects and low contributions to Korea economy, port industries are more used in the field of export and import sectors than domestic demand and supply sectors. Accordingly, the import inducement coefficients of shipping industry is most high among the 404 detailed sectors.

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Feasible Power Exchange between Russia and ROK Power Systems

  • Kim Jong-Yul;Lee Seung-Ryul;Yoon Jae-Young;Kim Ho-Yong
    • KIEE International Transactions on Power Engineering
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    • v.5A no.3
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    • pp.221-227
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    • 2005
  • This paper evaluates minimum and maximum power exchange considering economic and technical characteristics between Russia and ROK. First, we evaluate minimum power exchange to assure the economic feasibility by comparison with the total cost and benefit of the interconnected line. For evaluating maximum exchange power, system constraints are considered, which are examined through load flow and dynamic analysis by using the PSS/E program. As a result of these evaluations, we suggest the reasonable range of power exchange between ROK and Russia considering economic and technical constraints with the interconnection scenario that power system interconnection between ROK and Russia will be realized in the year 2010.

Loading pattern design and economic evaluation for 24-month cycle operation of OPR-1000 in Korea

  • Jeongmin Lee;Hyun Chul Lee
    • Nuclear Engineering and Technology
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    • v.55 no.3
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    • pp.1167-1180
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    • 2023
  • Due to the tightened regulatory environment since the Fukushima accident, the capacity factor of Korean nuclear power plants has been declining since 2011. To overcome this circumstance, a shift from 18-month to 24-month cycle operation is being considered in Korea. Therefore, in this study, loading patterns(LPs) for 24-month cycle operation of the Korean standard nuclear power plant(OPR-1000) are suggested and economic evaluations are performed. A single-zone LP with 89 fresh fuels was evaluated to be optimal for 24-month operation of OPR-1000 in terms of economic gain. The 24-month operation of OPR-1000 with this LP gives a profit of 7.073 million dollars per year compared to 18-month operation.