• The Korean Journal of Applied Statistics
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• v.23 no.1
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• pp.63-71
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• 2010

Business entrepreneurs reflect their views of domestic and foreign economic activities on their operation for the growth of their business. The decision, forecasting, and planning based on their economic sentiment affect business operation such as production, investment, and hiring and consequently affect condition of national economy. Business survey index(BSI) is compiled to get the information of business entrepreneurs' economic sentiment for the analysis of business condition. BSI has been used as an important variable in the short-term forecasting models for business cycle analysis, especially during the the period of extreme business fluctuations. Recent financial crisis has arised extreme business fluctuations similar to those caused by currency crisis at the end of 1997, and brought back the importance of BSI as a variable for the economic forecasting. In this paper, the meaning of BSI as an economic sentiment index is reviewed and a GUIDE regression tree is constructed to find out the factors which affect on BSI. The result shows that the variables related to the stability of financial market such as kospi index(Korea composite stock price index) and exchange rate as well as manufacturing operation ratio and consumer goods sales are main factors which affect business entrepreneurs' economic sentiment.

• Journal of the military operations research society of Korea
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• v.28 no.1
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• pp.97-114
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• 2002

An estimation of economic life for a new weapon system is a critical issue in aquisition process. In general a life cycle cost consists of, development cost, aquisition cost, and maintenance cost. These costs are not identified and obtained in the beginning of the aquisition process. This paper deals with an economic life for KlAl tank which is being deployed recently, using PRICE model. In order to estimate an KlAl economic life, we use equivalent annual cost method which is sum of capital recovering with return and equivalent O&M cost method. This method determines an economic life by minimizing annual investment cost and operation and maintenance cost. In this paper, an aquisition cost of KlAl is obtained from PRICE H and O&M cost from PRICE HL model. We obtained various results depending upon production quantity. An economic life for KlAl is estimated 18 years when 300 tanks are produced.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2004.04a
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• pp.413-419
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• 2004

In these days, 8,000TEU container ship service launches in shipping service at latest based on the economy of scale, unit cost related with ship operation on ocean decreases in proportion to increase of ship scale and mega ship over 10,000TEU is on planning. Most of the exiting researches have performed from the perspective of total operation cost from mega port to mega port. However, the purpose of this paper is to estimate economic efficiency by ports selected Hub port from total cost point of view, operation cost, port charge, feeder cost, etc.

• Journal of Advanced Marine Engineering and Technology
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• v.32 no.1
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• pp.66-72
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• 2008

In this study, the ground source heat pump was installed at a research center in Jeju Island to verify the performance of the system and to give an information for a economic feasibility. The performance test was conducted until the heat storage tank temperature reached at $5^{\circ}C$ from $50^{\circ}C$ in the cooling operation, and until the storage temperature goes up to $50^{\circ}C$ from $10^{\circ}C$ in the heating mode. As results, the system performance shows that $2.2{\sim}3.5$ for the cooling operation and $2.5{\sim}3.5$ for heating operation. It is found that the underground is good heat source for the heat pump with $3{\sim}10^{\circ}C$ variation range. The ground source heat pump could be connected one of air conditioning system without any problem in system performance. Based on the economic analysis, the initial cost for the ground source heat pump will be compensated after 4 years operation. If the system runs 20 years, approximately 300 million Won will be saved when the air conditioning system adapt the ground source heat pump based on Life Cycle Cost analysis.

• Atmosphere
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• v.20 no.2
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• pp.187-194
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• 2010

We estimate the economic benefit of weather modification (precipitation enhancement and fog dissipation) by assuming its operation for the considered regions. Based on the statistical data, the economic benefit of the virtually operational precipitation enhancement experiments for the Andong and Imha basins, where the natural precipitation is relatively lack in South Korea, is calculated 348 for the water resources, 22,458 for forest fire prevention, and 28,458 million won/year for the drought relief. The benefit of the fog dissipation operation for the Incheon International Airport is estimated 7,365 million won/year for the flight delay due to fog. The calculated ratio of benefit to cost for precipitation enhancement operation for the basins is 14.07, which is comparable to that conducted in other countries.

• KEPCO Journal on Electric Power and Energy
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• v.2 no.1
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• pp.109-113
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• 2016

Techno-economic evaluation of Non-Capture $CO_2$ Utilization (NCCU) technology for the production of high-value-added products using greenhouse gas ($CO_2$) was performed. The general scheme of NCCU process is composed of $CO_2$ carbonation and brine electrolysis process. Through a carbonation reaction with sodium hydroxide that is generated from brine electrolysis and $CO_2$ of the flue gas, it is possible to get high-value-added products such as sodium bicarbonate, sodium hydroxide, hydrogen & chloride and also to reduce the $CO_2$ emission simultaneously. For the techno-economic study on NCCU technology, continuous operation of bench-scale facility which could treat $2kgCO_2/day$ was performed. and based on the key performance data evaluated, the economic evaluation analysis targeted on the commercial chemical plant, which could treat 6 tons $CO_2$ per day, was performed using the net present value (NPV) metrics. The results showed that the net profit obtained during the whole plant operation was about 7,890 mKRW (million Korean Won) on NPV metrics and annual $CO_2$ reduction was estimated as about $2,000tCO_2$. Also it was found that the energy consumption of brine electrolysis is one of the key factors which affect the plant operation cost (ex. electricity consumption) and the net profit of the plant. Based on these results, it could be deduced that NCCU technology of this study could be one of the cost-effective $CO_2$ utilization technology options.

• Journal of Energy Engineering
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• v.13 no.4
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• pp.296-300
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• 2004

Performance evaluation and economic estimation were conducted on the water to water GSHP (Ground Source Heat Pump) installed in existing building. Ground heat exchanger was a closed vertical loop type and sized to be 5 boreholes and 100m depth per borehole. Operation efficiency of the system shows that, COP increased from 3.0 to 4.2 with entering water temperature in heating operation, however, COP decreased from 5.0 to 3.7 in cooling operation. Economic estimation was analyzed by LCC (Life Cycle Cost) method and it showed that GSHP could save 68% of cost compare to the conventional oil source. Thus, despite of the large amount of initial cost, GSHP has a economic advantage to the other energy sources.

• Journal of the Korean Society for Railway
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• v.17 no.5
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• pp.373-380
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• 2014

With a view to the commercialization of the Korean automatic variable-gauge bogie in the Eurasia railway system, the aim of this research was to perform an economic analysis concerning the possible introduction and operation of this bogie at the present time. For this purpose, we compared the possible types of freight connection service for container transportation, transshipment and the gauge-adjustable system, estimating the total life-cycle cost (LCC) incurred by each system, depending on type and quantity, over the whole process of acquisition, operation, maintenance and disposal. Based on this, we presented a case-by case analysis. Furthermore, in estimating economic feasibility, we analyzed the cost-benefit ratio taking into account not only the objective LCC, but also the reduced time required for the gauge-change and customer convenience. After estimating the LCC and analyzing the cost-benefit ratio of the respective systems, we demonstrated the economic superiority of view of the gauge adjustable system.

• Atmosphere
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• v.20 no.2
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• pp.173-186
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• 2010

The impact of the precipitation has been focused on losses in social and economical sectors. However, as growing the concerns of the future water shortage caused by the climate change, the precipitation should be consider in various views for an effective planning in the water resource management. A precipitation case occurred from 20 to 21 April 2009 was recorded as a welcome rain because it reduced the severe drought continued in Korea from winter season of 2008. In this study, economic values of the event was calculated with positive aspects in various sectors. The estimation is based on four major parts such as a secure of water resources, the improvement of air quality, the decrease of forest fires, and the reduction of the drought impact. The water resources only considered inflow waters into dams and the reservoirs managed by Korean public institutions and their economic values accounts for 5.92 billion won. Decreases of four air pollutants($PM_{10}$, $NO_2$, CO, and $SO_2$) were considered as the positive effects of the rainfall and estimated 175.4 billion won. The preventive effect of the forest fire after the rainfall results in 0.48 billion won. Finally, the rainfall during the drought period is effective to reduce the social costs of 108.65 billion won. Although the economic values estimated in this study explain parts of the positive effects of the precipitation, it can help to develop a comprehensive and systematic valuation system for the whole process of the precipitation. For doing this, various rainfall types should be analyzed in social-economic terms including economics, environments and hydrology.

• Proceedings of the KIEE Conference
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• 2008.07a
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• pp.522-523
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• 2008

This paper develops optimal operation mechanism of CHP(Combine Heat and Power) for enhancement of energy efficiency. It verify optimal operation of Accumulator using Economic Heat Load Dispatch and Dynamic Programing through case study.