• Title/Summary/Keyword: Investment evaluation system

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A Study on Measurement Selection Algorithm for Power System State Estimation Under the Consideration of Observability (가관측성을 고려한 전력개통 상태추정을 위한 측정점선정 알고리즘에 관한 연구)

  • Lee, T.S.;Lee, E.H.;Rho, T.H.;Hong, H.S.;Kuk, H.J.;Moon, Y.H.
    • Proceedings of the KIEE Conference
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    • 1995.11a
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    • pp.523-526
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    • 1995
  • This paper presents an improved algorithm of optimal measurement system design with a reliability evaluation method for a large power system. The proposed algorithm is developed to cosider the observability and to achieve highest accuracy of the state estimator as well with the limited investment cost. When the effect on these dummy bus measurements is considered in the proposed algorithm the other errors in the power system is also detected and then analyzed until to achieve the limited values. By taking advantage of the matrix sparsity and the optimal bus ordering the memory and the time are successfully reduced in the P/C's and workstation's model. The improved program is successfully tested for IEEK sample system and KEPCO system with PSS/E lineflow calculated data package.

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A Study on Technology Evaluation Models and Evaluation Indicators focusing on the Fields of Marine and Fishery (기술력 평가모형 및 평가지표에 대한 연구: 해양수산업을 중심으로)

  • Kim, Min-Seung;Jang, Yong-Ju;Lee, Chan-Ho;Choi, Ji-Hye;Lee, Jeong-Hee;Ahn, Min-Ho;Sung, Tae-Eung
    • The Journal of the Korea Contents Association
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    • v.21 no.10
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    • pp.90-102
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    • 2021
  • Technology evaluation is to assess the ability of technology commercialization entities to generate profits by using the subject technology, and domestic technology evaluation agencies have established and implemented their own evaluation systems. In particular, the recently developed technology evaluation model in the fields of marine and fishery does not sufficiently reflect the poor environment for technology development compared to other industries, so it does not pass the level of T4 rating, which is considered appropriate for investment. This is recognized as a challenge that occurs when the common evaluation indicators and evaluation scales used in other industries, and when the scoring system for T1 to T10 grading is similarly or identically utilized. Therefore, through this study, we intend to secure the appropriateness and reliability of the results of the comprehensive rating calculation by developing technology evaluation models and indicators that well explain the nine marine and fisheries industry classification systems. Based on KED and technology evaluation case data, AHP-based index weighting and Monte Carlo simulation-based rating system are applied and the results of case studies are verified. Through the proposed model, we aim to enhance the usability of R&D and commercialization support programs based on fast, convenient and objective evaluation results by applying to upcoming technology evaluation cases.

A Study on Transmission System Expansion Planning on the Side of Highest Satisfaction Level of Decision Maker

  • Tran TrungTinh;Kang Sung-Rok;Choi Jae-Seok;Billinton Roy;El-keib A. A.
    • KIEE International Transactions on Power Engineering
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    • v.5A no.1
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    • pp.46-55
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    • 2005
  • This paper proposes a new method for choice of the best transmission system expansion plan on the side of highest satisfaction level of decision maker using fuzzy integer programming. The proposed method considers the permissibility and ambiguity of the investment budget (economics) for constructing the new transmission lines and the delivery marginal rate (reliability criteria) of the system by modeling the transmission expansion problem as a fuzzy integer programming one. It solves the optimal strategy (reasonable as well as flexible) using a fuzzy set theory-based on branch and bound method that utilizes a network flow approach and the maximum flow-minimum cut set theorem. Under no or only a very small database for the evaluation of reliability indices, the proposed technique provides the decision maker with a valuable and practical tool to solve the transmission expansion problem considering problem uncertainties. Test results on the 63-bus test system show that the proposed method is practical and efficiently applicable to transmission expansion planning.

A Study on the Development of an Economic Efficiency Model Considering Vehicle Operating Cost Properties of Signalized Intersections (신호교차로의 차량운행비용 특성을 고려한 경제성분석 모형개발)

  • Byeon, Eun-A;Kim, Yeong-Chan;An, So-Yeong;Go, Gwang-Deok;Yun, Su-Yeong
    • Journal of Korean Society of Transportation
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    • v.27 no.2
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    • pp.199-206
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    • 2009
  • In relation with economical efficiency analysis on investment evaluation of transportation system, among vehicle operating cost saving benefit that is applied to general preliminary assessment guidelines and investment evaluation guidelines, oil expense calculated data which concentrated and analyze on the relationship between oil consumption amount on running state and running speed. For uninterrupted flow which does not have stopped delay due to traffic signal, consideration for reduction benefit is possible due to the changes of running speed and travel time however, for interrupted flow which the stopping occurs due to signal control on actual signal intersection has no consideration for stopping delay time reduction and stopping rate improvement thus reflection of reality on improved effect analysis is difficult. Therefore, this research makes a framework to analyze benefits that reflects the features of signalized intersections by benefits associated with decrease of stopping delay time with existing research and developing vehicle operating cost calculation model formula. Vehicle operating cost has been redefined considering the stopping delay time by applying the oil consumption amount at idling and the economical benefit between conventional model and newly developed model when applied for the optimization of traffic signal system on the two roads in Seosan city has been analyzed comparative. While the importance of traffic system maintenance is being emphasized due to the increase of congested areas on roads, it is expected to assist in more realistic economical analysis which reflect the delay improvement through the presentation of an economic analysis model that considers the features of signalized intersections in signal optimization system improvements and effect analysis of congestion improvement projects`.

Preliminary Assessment Model based on BSC for Evaluating Practical Utilization of 4D CAD System (4D CAD 시스템의 실무적 활용성 평가를 위한 BSC기반의 예비 평가 모델)

  • Kim, HyeonSeung;Moon, HyounSeok;Kang, LeenSeok
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.33 no.5
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    • pp.2069-2079
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    • 2013
  • Recently, BIM(Building Information Modeling) is on the rise as a customized solution for construction environment, but construction companies rarely introduce and apply BIM in the construction site. Due to such issues, the fact that empirical data for evaluating the quantitative effect of BIM application is insufficient might be an another main reason. In the end, construction companies cannot assure investment effect of BIM and therefore don't make an investment actively. To activate BIM application, the evaluation system that quantitatively assess usability of BIM needs to be developed. This study aims to suggest a methodology that evaluates the usability quantitatively according to introduction and operation of BIM by construction companies. Accordingly, this study analyzes applicability of 4D CAD by developing an evaluation index and its model with BSC(Balanced Score Card) for 4D CAD, which have high practical use among BIM techniques, and verifies the usability as the entire evaluation index of BIM. Therefore, it is expected that the developed assessment model will be utilized as the critical decision-making information in order to introduce related techniques by identifying the usability and operational issues of 4D CAD.

Operating model for A Value-For-Money evaluation of BTL Projects for Educational Facilities (교육시설 BTL 사업의 투자가치 평가를 위한 운영비 모형 구축)

  • Son, Ki-Young;Kim, Jang-Young;Kook, Dong-Hoon;Kim, Sun-Kuk
    • Korean Journal of Construction Engineering and Management
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    • v.7 no.6
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    • pp.141-150
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    • 2006
  • As the law on the private sector investment in social infrastructure was amended in January of 2005, the government is aggressively promoting BTL projects but many trials and errors and problems are occurring. Especially, the Value-For-Money evaluation conducted by the responsible agencies to judge the appropriateness of the project found there was a conspicuous difference between the computed cost and the final contract sum. Accordingly, this study is aimed to grasp the problems in the current Value-For-Money evaluation and to improve it in order to proceed with BTL projects efficiently. To achieve this, through a relative comparison to the final contract sum, a clear standard for the items of Value-For-Money evaluation was presented and thus, a model that can ensure accuracy in computing the Value-For-Money was established so that a delay in negotiations can be avoided. If the Value-For-Money evaluation established in this study is used in assessing the appropriateness of unit prices for BTL projects for education facilities, a reasonable result can be expected to be drawn in selection and negotiations with contractors, and maintenance and Post-Operation-Evaluation(POE) of education facilities as well.

Economic Evaluation Algorithm of Island Micro-grid for Utility and Independent Power Producer (전력회사와 발전사업자 측면에서 도서지역용 마이크로그리드의 경제성평가 알고리즘)

  • Nam, Yang-Hyum;Lee, Hoo-Dong;Kim, Yu-Rim;Marito, Ferrira;Kim, Mi-Young;Rho, Dae-Seok
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.66 no.7
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    • pp.1032-1038
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    • 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.

A Development of Quantitative Analysis Model for the Policy Analysis in Feasibility Study Using the Performance Assessment Method (성능평가기법을 활용한 타당성조사 정책적 분석단계의 정량적 의사결정모델 개발 - 복수대안의 타당성 평가를 중심으로 -)

  • Lim, Yong-Soo;Song, Hyun-Young;Jeong, Han-Kee;Jeong, Min-Chul;Kong, Jung-Sik
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.2
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    • pp.89-100
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    • 2011
  • As an impactive factor on industries and national economy, The Social Overhead Capital(SOC) is major factor to determine the national competitiveness and the investment of SOC is essential for its economic growth. Accordingly, introduction of the preliminary feasibility study and establishment of legal institutionalization and evaluation system has been carried out and reviewed since 1999. Nevertheless of these efforts, basic problems such as lack of scientific method for investment evaluation and loss of effectiveness on feasibility studies are continuously being brought up. Moreover, as the preliminary study to improve the mentioned problems is mainly focused on the economic and estimated demand analysis, the study of policy analysis, the most important phase during a feasibility study, is still insufficient. Therefore, in this paper, a quantitative decision-making model, to which the performance assessment method of Value Engineering(VE) is applied, is developed and proposed to improve the policy analysis of (preliminary) feasibility study that requires combining with relative studies, to induce quantitative analysis method, and to contribute the improvement of value on the political aspect for SOC investment goals and use as a strategic decision-making method by systematic analysis.

Regional Strategic Industry (RSI) Promotion Projects and Their Impact on Regional Economic Growth: Focused on Chungbuk Province Cases (지역전략산업육성사업과 지역경제성장 파급효과: 충북 사례를 중심으로)

  • Choi, Nam-Hee;Jo, Byung-Seol;Ahn, Yoo-Jeong;Lee, Man-Hyung
    • Korean System Dynamics Review
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    • v.14 no.1
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    • pp.5-29
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    • 2013
  • This study tries to measure the direct and indirect effects of the Regional Strategic Industry (RSI) promotion projects in Chungbuk Province in Korea. In specific, it critically examines whether there exists policy consistency and connectivity between the hardware-oriented Stage I (2002~2007) and the software-centered Stage II (2008~2012) RSI promotion projects. Applying System Dynamics (SD) techniques, this study examines complex system characteristics of RSI promotion projects, all of which have been derived from the causal and stock-flow models and their simulated results. Major findings are as follows: Firstly, 'the continuous investment' is regarded as the most crucial policy leverage for the strategic industry promotion and regional economic growth. Secondly, without exceptions, the RSI promotion projects should switch their evaluation criteria to performance-oriented ones. Thirdly, in selecting their subprojects, the RSI promotion projects should pay due attention to evaluating technology value and marketability. Fourthly, it should put policy priority in strengthening cluster networking and interconnectivity among projects, inevitably supporting a selective number of virtuous network systems. Fifthly, auxiliary projects such as marketing, technology aid, and knowledge-based services should not be overlooked.

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Investigation on the Enhancement of Water Purification Functions in Forest Watershed (수변구역 산림에 의한 수질정화기능 증진에 관한 고찰)

  • Park, Jae-Hyeon
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.4 no.4
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    • pp.72-81
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    • 2001
  • This study is aimed to review the previous research accomplishments with analysis of problems and to suggest the counter plan for the watershed management and the ongoing research strategy. Phytoremediation provides a cost-effective techniques having a merit of low investment and maintenance cost. It could be one of the best techniques, which is an alternative plan to overcome economical situation and lack of experts in our country. In forest watershed affected by waste water and heavy metal pollutants should be controlled by vegetative remediation system, but the disposal techniques of harvested plant materials should be developed. Also, high degree areas of natural vegetation as a key model to recover the vegetation should be well conserved. It is important to restore forest continuity between upper stream and lower stream basin with the restoration of damaged in forest watershed. It is established to integrated protection system for land use and management plan and to natural environment evaluation methods affected by projects such as erosion control and developments in stream and forest. In addition, I suggest the continuous environmental monitoring system to treat the pollutions concerned.

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