• Title/Summary/Keyword: Operating Expenses

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Feasibility Study on Leveling Method of Electric Power Load by Applying Thermal Storage Air Conditioning System (축열식 열원시스템 적용에 의한 전력부하 평준화의 경제성 검토)

  • Lee, Chulgoo
    • Journal of the Korean Society for Geothermal and Hydrothermal Energy
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    • v.15 no.1
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    • pp.9-17
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    • 2019
  • Reducing global warming potential has become important, and as one of those methods for reducing it, economic evaluation by applying ice thermal storage air conditioning system was performed. The floor area and height of the subject building was assumed $5,000m^2$ and 20 m. Absorption chillerheater system and air source heat pump system was used for comparing to the subject system, and payback period method was used to perform economic evaluation. Although the running cost of ice thermal storage system is reduced compared to two systems, the ratio is not significant compared to the increase of initial construction expenses, and payback period was calculated to be about 7.7 and 79.3 years. However, the heat storage system should be approached from the viewpoint of long term rather than the economic standard in the present standard.

A Study on Profitability of Power Plant for Landfill Gas (매립가스 자원화를 위한 가스엔진 발전의 수익성에 관한 연구)

  • Kim, Oh-Woo;Lee, Jeong-Il
    • Korean Business Review
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    • v.19 no.2
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    • pp.69-94
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    • 2006
  • Landfill gas is a mixture of methane and carbon dioxide produced by the bacterial decomposition of organic wastes, and it is considered to produce bad smells and pollute the environment. Economic trials and the developments of landfill gas, as an alternative energy resource, become known at the recent years. Resource development of landfill gas, which is managed by Korea up to now, is for the most part generation using gas engine. Medium BTU and High BTU are considered for the power generation as well. I\10st income of generation using gas engine is selling charge through a power plant. Expecting to manage the power plant for up to 10 years, the analysis based on revenue and expenditure shows when the unit price is 65.2 Won and the operating rate reaches 90%, it is possible to be into the black in 2012 without considering additional financial expense. It was also analyzed that the profit at a unit price of 85 Won under the anticipated rising unit price by the operating rate of 71% is larger than at the operating rate of 90% under limited unit price of 65.2 Won. It means to manage the power plant at a unit price of 65.2 Won and the operating rate must be higher than 90% for economic logicality. If we assume that the operating rate is 90% and it increases the unit price, the unit price must be higher than 85 Won for the management of a power plant. Analysis of changing a unit price, however, might be expected to have a gradual rise of prices. If there is no price rising and additional income related to CDM(Clean Development Mechanism) and emission trading upon Kyoto protocol, the management of a power plant using gas engine will get financial difficulties because of many operating expenses. However, since landfill gas is considered as a worthy energy resource for the guarantee of sustainable development and for the equity between recent generation and future generation, the development of it must be accomplished by the government's additional supporting and efforts under the interest of all stakeholder who are involved.

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A Markov Approximation-Based Approach for Network Service Chain Embedding (Markov Approximation 프레임워크 기반 네트워크 서비스 체인 임베딩 기법 연구)

  • Chuan, Pham;Nguyen, Minh N.H.;Hong, Choong Seon
    • Journal of KIISE
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    • v.44 no.7
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    • pp.719-725
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    • 2017
  • To reduce management costs and improve performance, the European Telecommunication Standards Institute (ETSI) introduced the concept of network function virtualization (NFV), which can implement network functions (NFs) on cloud/datacenters. Within the NFV architecture, NFs can share physical resources by hosting NFs on physical nodes (commodity servers). For network service providers who support NFV architectures, an efficient resource allocation method finds utility in being able to reduce operating expenses (OPEX) and capital expenses (CAPEX). Thus, in this paper, we analyzed the network service chain embedding problem via an optimization formulation and found a close-optimal solution based on the Markov approximation framework. Our simulation results show that our approach could increases on average CPU utilization by up to 73% and link utilization up to 53%.

A comparative analysis of business management characteristics among textiles and fashion companies - Focused on revenue, income, and expense items in income statements - (섬유패션업체들의 경영 특성 비교 - 손익계산서의 수익, 이익, 비용항목을 중심으로 -)

  • Ji, Hye Kyung
    • The Research Journal of the Costume Culture
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    • v.25 no.3
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    • pp.359-374
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    • 2017
  • The objective of this study was to compare business management indicators among textiles and fashion companies. Business management indicators of 356 textiles and fashion companies for the year 2015 were analyzed, using income statements showing their management results. The results were as follows. First, there were statistically significant differences between the operating income ratios of textiles and fashion companies for the term, but there were none when it came to net income ratio. Second, the differences between cost of goods sold, cost of finished goods sold, and cost of merchandise sold to sales ratios among textiles and fashion companies were all statistically significant. The cost of goods sold, cost of finished goods sold, and cost of merchandise sold to sales ratios were higher for fiber and thread companies, fabric companies, and dyeing and finishing companies than for clothing and fashion accessories companies. Third, there were statistically significant differences between the ratio of salaries and the ratio of advertising expenses among textiles and fashion companies. The salaries ratios and advertising expenses ratios for clothing companies were higher than those of fiber and yarn companies, fabric companies, and dyeing and finishing companies. This study is meaningful as it has identified the business characteristics of textiles and fashion companies using the management indicators of those companies, which have not been sufficiently explored by previous studies. It has also helped to improve understanding of the industrial structure of the upstream and midstream sectors of the textiles and fashion industries.

Determination of the Optimal Bus-stop Location and Headway of Bus Rapid Transit Using Bus-stop-based O-D Data (급행버스 노선의 정류장 위치 및 배차간격 결정에 관한 연구 (노선별 정류장간 O-D 자료를 활용하여))

  • Cho, Hye-Jin;Lee, Young-In
    • Journal of Korean Society of Transportation
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    • v.23 no.7 s.85
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    • pp.63-74
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    • 2005
  • When we introduce the BRT systems, it is very important to decide the operating factors, such as bus-stop locations or headway. If the factors are inappropriate, unessential expenses for the operator and users of the bus line may be caused, and it leads increase of social total cost. So, it is necessary that we consider users' origin and destination of each bus line when we set location of bus-stops and the optimal headway. Meanwhile, Smart Card System was introduced of fare collection for the Public Transportation Reform in Seoul last year. This new card system makes it possible to store up the information about bus operating and passenger's trip link. With these substantial information. we can estimate bus-stop-based O-D table. So, in this thesis, it was studied a systematic methodology to find the optimal location and headway for skip-stop bus system (as a type of first step for BRT). The proposed methodology in this thesis is expected to be useful to effect analysis or setting operating factors for skip-stop bus system in each bus line.

A Study of the Factors Influencing on Retail-Premium (상가권리금의 가치형성요인에 관한 연구)

  • Shin, Eun-Jung;Yoo, Seon-Jong;Kim, Myeong-Gi
    • Journal of Cadastre & Land InformatiX
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    • v.47 no.1
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    • pp.225-236
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    • 2017
  • In this study, collecting data in real retail-premium market and the influencing factors were extracted explored the formation of retail-premium. This should identify the level of retail-premium through an objective estimate of expenses, revenues, etc. A hierarchical regression analysis was conducted focusing on how the operating profit affected the formation of retail-premium. Store operators will have to be accompanied by the management of the operating profit to keep the initial payment and in order to receive a raise retail-premium. Through this process, It is possible to prevent the gap between retail-premium calculated through the appraisal and market practices. Ultimately, I believe and achieve the objective, transparent, the advancement of retail-premium market.

A Case Study on a Way of Improving the Grand Alliance Container Service Route by Incorporating Dedicated Feeders - Focusing on 'Far East-West Coast of North America' Route - (전용 피더 서비스 연계를 통한 Grand Alliance 컨테이너 서비스 항로의 운영 개선에 관한 사례 연구: '극동-북미서안' 컨테이너 서비스 항로를 중심으로)

  • Kim, Woo-Jin;Shin, Jeong-Hoon;Chang, Myung-Hee
    • Journal of Navigation and Port Research
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    • v.36 no.5
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    • pp.409-418
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    • 2012
  • Amid global economic crisis and skyrocketing oil prices, container shipping companies have raised a sustained series of efforts to reduce vessel operating costs. Under these circumstances, the Grand Alliance has decided to install the dedicated feeder instead of additional vessels in the CCX(Central China Express) and the NCE(North China Express) route. In other words, a vessel in a trunk route is transshiped by a dedicated feeder vessel in Busan port that is a transshipment port, rather than calling at Northen China port. In this study, the actual operating data of Grand Alliance container services were analyzed to determine the economic effect of transshipment through a dedicated feeder service. In this way, the Grand Alliance are saving vessel operating expenses in 'NCE' and 'CCX' routes, making the slow steaming of vessels possible in these trunk routes.

Factors Affecting Profitability of General Hospitals Focused on Operating Margin (병원의 수익성 관련 요인 분석 - 의료수익의료이익율을 중심으로 -)

  • Park, Byung-Sang;Lee, Yong-Kyoon;Kim, Yoon-Shin
    • The Journal of the Korea Contents Association
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    • v.9 no.6
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    • pp.196-206
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    • 2009
  • The profitability of a hospital refers to business administration results achieved through its medical care and other management activities during applicable fiscal year. This study focused on operating margin as a measurement index of hospital profitability, which is a genuine medical return obtained by subtracting medical expenses from medical profits achieved during business administration of hospital. Based on the index, this study could deduce certain factors on hospital profitability in terms of various indices affecting profitability. And based on those factors, this study sought to provide more useful reference materials which allow us to devise possible ways to improve hospital profitability. As a result, it was found that public hospitals attained lower profitability than private ones. To analyze profitability depending on each index, this study divided hospitals broadly into deficit group and surplus group. As a result, it was found that there were significant differences in hospital profitability between two groups depending upon relevant indices such as labor cost ratio, maintenance expense ratio, number of operations per medical specialist and medical instrument turnover. According to analysis on potential effects of relevant indices upon profitability, it was found that each index had its explanatory power ranging from 25% to 74.5% depending on given model.

A Study on Profitability of Power Plant for Landfill Gas (매립가스 자원화를 위한 가스엔진 발전의 수익성에 관한 연구)

  • Kim, O-U;Lee, Jeong-Il
    • 한국산학경영학회:학술대회논문집
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    • 2006.06a
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    • pp.147-170
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    • 2006
  • Landfill gas is a mixture of methane and carbon dioxide produced by the bacterial decomposition of organic wastes, and it is considered to produce bad smells and pollute the environment. Economic trials and the developments of landfill gas, as an alternative energy resource, become known at the recent years, Resource development of landfill gas, which is managed by Korea up to now, is for the most part generation using gas engine. Medium BTU and High BTU are considered for the power generation as well. Most income of generation using gas engine is selling charge through a power plant. Expecting to manage the power plant for up to 10 years, the analysis based on revenue and expenditure shows when the unit price is 65.2 Won and the operating rate reaches 90%, it is possible to be into the black in 2012 without considering additional financial expense, It was also analyzed that the profit at a unit price of 85 Won under the anticipated rising unit price by the operating rate of 71% is larger than at the operating rate of 90% under limited unit price of 65.2 Won. It means to manage the power plant at a unit price of 65.2 Won and the operating rate must be higher than 90% for economic logicality. If we assume that the operating rate is 90% and it increases the unit price, the unit price must be higher than 85 Won for the management of a power plant. Analysis of changing a unit price, however, might be expected to have a gradual rise of prices. If there is no price rising and additional income related to CDM(Clean Development Mechanism) and emission trading upon Kyoto protocol, the management of a power plant using gas engine will get financial difficulties because of many operating expenses. However, since landfill gas is considered as a worthy energy resource for the guarantee of sustainable development and for the equity between recent generation and future generation, the development of it must be accomplished by the government's additional supporting and efforts under the interest of all stakeholder who are involved.

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Analysis of Greenhouse Gas Reduction according to Different Scenarios of Zero Food Waste Residential Buildings (음식물류폐기물 제로화 주거단지 구축 시나리오별 비용 및 환경효과 분석)

  • Oh, Jeong-Ik;Yoon, Eun-Joo;Park, Ire;Kim, Yeong-Min
    • Journal of Korean Society of Environmental Engineers
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    • v.38 no.7
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    • pp.353-363
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    • 2016
  • In this study, traditional treatment scenario of food wastes that collected and transported food waste is recycled in large treatment facilities and suggested treatment scenario of onsite zero discharge system that food waste is treated in housing complex were supposed. The scenarios were compared and analyzed by capital expenditure, oil consumption, $CO_2$ emission quantity, operating expenditure and management expenses. The capital expenditure, oil consumption and $CO_2$ emission quantity of small scale dispersion dealing method is the lowest compared to traditional treatment method. As a results, it is possible to obtain the effect that operating expenditure was reduced by 91% and management expenses was reduced by 40% with suggested treatment method. The treatment method that have low capital expenditure is tend to lower oil consumption and $CO_2$ emission quantity. The small scale dispersion dealing method have the lowest capital expenditure, oil consumption and $CO_2$ emission quantity and the linked method with sewage treatment have the highest expenditure and $CO_2$ emission quantity. Eventually, the optimal model of onsite zero discharge system in housing complex is small scale dispersion dealing method.