• Journal of the Korean Solar Energy Society
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• v.28 no.6
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• pp.70-77
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• 2008

The purpose of this study evaluates a feasibility and economical efficiency of new renewable energy. According as weather change is serious problem now days, every people make attention to the reduction of greenhouse gas. The revitalization of new renewable energy creates the variety of energy source, stability of energy supply and reduction of greenhouse gas. In this study evaluates a feasibility and economical efficiency from new renewable energy of various photo voltaics, wind power, small hydro and biogas. Feasibility does in standard of technical characteristic, politic support, marketability, establishment present condition and development aim. Economical efficiency does in standard of developmental unit cost, utilization factor, equipment life, politic support cost, interest ratio. The results of this study were as follows photo voltaics, wind, small hydropower, biogas in order feasibility is high. Developmental unit cost, utilization factor, equipment life, politic support cost and analyzed the relationship of interest ratio fluctuation and economical efficiency. From all new renewable energy the utilization factor most is important in economical efficiency but necessary utilization factor is difficult because environmental problem.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.21 no.4
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• pp.252-259
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• 2009

When various kinds of outputs are produced from a single energy system, the methodology which allocates the common cost to each output cost is very important because it is directly related with the profit and loss of producers and purchasers. In the cost allocation methodology of the heat and the electricity on a cogeneration, there are energy method, work method, proportional method, benefit distribution method, various exergetic methods, and so on. On the other hand, we have proposed a worth evaluation method which can be applied to any system. The definition of this methodology is that the unit cost of a product is proportion to the worth. Where, worth is a certain evaluating basis that can equalize the worth of products. In this study, we applied this methodology to a gas-turbine cogeneration which produces 119.2 GJ/h of electricity and 134.7 GJ/h of steam, and then we allocated 3,150 $/h of fuel cost to electricity cost and steam cost. Also, we compared with various cost allocation methods. As the result, we conclude that reversible work of various kinds of worth basis evaluates the worth of heat and electricity most reasonably.

• Proceedings of the KIEE Conference
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• 2008.11a
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• pp.312-314
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• 2008

This paper develops an algorithm for probabilistic production cost credit evaluation of wind turbine generators (WTG) with multi-state. Renewable energy resources such as wind, wave, solar, micro hydro, tidal and biomass etc. are becoming importance stage by stage because of considering effect of the environment. Wind energy is one of the most successful sources of renewable energy for the production of electrical energy. Case study demonstrates that the wind speed credit in view point of economics can be assessed by using the proposed methodology.

• Proceedings of the KIEE Conference
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• 2001.07a
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• pp.267-269
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• 2001

This paper presents algorithms to evaluate reliability of distribution power system taking into consideration customer interruption cost. Customer interruption cost is considered as one of the valuable index to estimate reliability of the distribution power system from customer situation. Also, this paper estimate evaluation results regarding the reliability of distribution power system using a sample model system. Finally, evaluation results of unserved energy and system interruption cost based on customer interruption cost are shown in detail.

• New & Renewable Energy
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• v.6 no.2
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• pp.33-39
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• 2010

The objective of this study is to present a basis for the evaluation on the renewable energy dissemination program in Korea applying the outcome evaluation, one of the five types of evaluation methods of EERE, DOE, and the effectiveness indicator, which is suggested by IEA, OECD. The outcome evaluation quantifies achievements of program outputs and outcomes against planned time frame. We analyze the correlation coefficients between cumulative expenditure on the renewable energy dissemination program and each renewable energy deployment and the unit installation cost of several dissemination programs for the outcome evaluation. Meanwhile, the effectiveness indicator is calculated by dividing the additional renewable energy deployment achieved in a given year by the remaining mid-term realizable potential to 2020 in each source of renewable energy. The results show that correlation coefficients between cumulative expenditure and each renewable energy deployment are significantly positive during the implementation period of each deployment program. And photovoltaic energy, bio energy, and wind power energy show high effectiveness indicator.

• Proceedings of the KIEE Conference
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• 2007.07a
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• pp.578-579
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• 2007

The importance and necessity of conducting studies on area outage cost assessment have been increasingly important in recent years due to the competitive electricity market environment. The objective of operational issues would be to minimize the total area cost while satisfying all associated system constrains of each area[2]. This paper presents a methodology of the Area annual outage cost assessment by probabilistic reliability evaluation using TRELSS program for KEPCO system. The interrupted energy assessment rate (IEAR) is evaluated by macro approach that is using relations between GRDP and the electrical energy demand. The Expected Energy Not Supplied (EENS) of each area was evaluated using the Transmission Reliability Evaluation for Large-Scale Systems (TRELSS) Version 6_2, a program developed by EPRI are introduced in this paper.

• Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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• v.4 no.2
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• pp.171-178
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• 2006

Decommissioning cost estimation is a very important technique in designing and planning of nuclear facilities' decommissioning. Decommissioning cost estimation should be made according to the phases of decommissioning activities and installed components of nuclear facilities. In this paper, the basic framework necessary for decommissioning cost estimation is completed so that it could be used as a technique for decommissioning costs estimation by specifying cost items and group components and unit cost factors on which work time is calculated. Also, factors to be considered for decommissioning cost estimation of major activities and tasks are reviewed. Afterwards, these techniques will be utilized as a basic technology to establish methodology of decommissioning cost estimation and evaluation.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.45 no.4
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• pp.31-41
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• 2022

As the environmental impacts of fossil fuel energy sources increase, the South Korean government has tried to change non-environmental-friendly enery sources to environmental-friendly energy sources in order to mitigate environmental effects, which lead to global warming and air pollution. With both a limited budget and limited time, it is essential to accurately evaluate the economic and environmental effects of renewable energy projects for the efficient and effective operation of renewable energy plants. Although the traditional economic evaluation methods are not ideal for evaluating the economic impacts of renewable energy projects, they can still be used for this purpose. Renewable energy projects involve many risks due to various uncertainties. For this reason, this study utilizes a real option method, the Geske compound model, to evaluate the renewable energy projects on Jeju Island in terms of economic and environmental values. This study has developed an economic evaluation model based on the Geske compound model to investigate the influences of flexibility and uncertainty factors on the evaluation process. This study further conducts a sensitivity analysis to examine how two uncertainty factors (namely, investment cost and wind energy production) influence the economic and environmental value of renewable energy projects.

• New & Renewable Energy
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• v.10 no.3
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• pp.47-54
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• 2014

Recently, BESS is considered as one of essential countermeasure for demand side management. However, an economic evaluation is critical issue for the introduction of power system because the cost of BESS is very high in present stage. Therefor, this paper presents economic evaluation method for customer use case by considering peak shaving function based on the real time price. From the case study on the model power system and educational customer, it is confirmed that the proposed method is a practical tool for the economic analysis of BESS. and analytical approach for the reliability assessment in radially operated distribution systems. The approach can estimate the expected reliability performance of distribution systems by a direct assessment of the configuration of the systems using the reliability indexes such as NDP (Non-Delivery Power) and NDE (Non-Delivery Energy). The indexes can only consider the number and configuration of the load, but can not consider the characteristics of the load which is the one of the most important factor in the investment cost for the distribution systems. Therefore, this paper presents the new performance indexes for the investment of the distribution facilities considering both the expected interruption cost for the load section and the operation characteristics of Energy Storage System. The results from a case study show that the proposed methods can be a practical tool for the reliability management in distribution systems including Energy Storage System.

• Journal of Fisheries and Marine Sciences Education
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• v.27 no.5
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• pp.1236-1251
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• 2015

This study examined understanding and attitude of sustainable development(SD) of 38 college students in a nuclear power plant construction after education for sustainable development(ESD) through panel discussion. The results were as follows: First, after lesson 66% of students were expected that SD is possible if scientific technology is developed and a frugal life for the protection of environment is carried out. However, the remaining students regarded SD as an ideal concept, because they thought it is not possible to pursue environmental sustainability and socio-economic development simultaneously. Second, students' opinions in the evaluation of constructing a nuclear power plant in three aspects(environment, society and economy) before and after panel discussion were changed as follows; 1) After panel discussion, the objectors increased to 21% in economic evaluation, while the supporters increased to 11% in environmental evaluation. 2) Students majoring in engineering or natural sciences changed their opinions to agree in environmental evaluation because they considered a nuclear power plant safe and eco-energy. However students majoring in social science/business or liberal arts/arts changed their opinions to disagree in economic evaluation because they considered a nuclear power plant as high-cost energy when assessing danger-accidents cost, public consensus cost, operation and maintenance cost, and waste disposal cost. 3) This change of decision-making in students majoring in social science/business or liberal arts/arts after panel discussion was statistically significant(p<0.05). Implications of panel discussion as a teaching and learning method in ESD are also discussed.