• New & Renewable Energy
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• v.3 no.4
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• pp.31-37
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• 2007

Because of their low operating and maintaining costs, ground-source heat pump(GSHP) systems are an increasingly popular choice for providing heating, cooling and water heating to public and commercial buildings. Despite these advantages and the growing awareness, GSHP systems to residential sectors have not been adopted in Korea until recently. A feasibility study of a residential GSHP system was therefore conducted using the traditional life cycle cost(LCC) analysis within the current electricity price framework and potential scenarios of that framework. As a result, when the current residential electricity costs for running the GSHP system are applied, the GSHP system has weak competitiveness to conventional HV AC systems considered. However, when the operating costs are calculated in the modified price frameworks of electricity, the residential GSHP system has the lower LCC than the existing cooling and heating equipments. The calculation results also show that the residential GSHP system has lower annual prime energy consumption and total pollutant emissions than the alternative HVAC systems considered in this work.

• 한국신재생에너지학회:학술대회논문집
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• 2007.11a
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• pp.515-518
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• 2007

Because of their low operating and maintaining costs, ground-source heat pump(GSHP) systems are an increasingly popular choice for providing heating, cooling and water heating to public and commercial buildings. Despite these ad- vantages and the growing awareness, GSHP systems to residential sectors have not been adopted in Korea until recently. A feasibility study of a residential GSHP system was therefore conducted using the traditional life cycle cost(LCC) analysis within the current electricity price framework and potential scenarios of that framework. As a result, when the current residential electricity costs for running the GSHP system are applied, the GSHP system has weak competitiveness to conven- tional HVAC systems considered. However, when the operating costs are calculated in the modified price frameworks of electricity, the residential GSHP system has the lower LCC than the existing cooling and heating equipments. The calculation results also show that the residential GSHP system has lower annual prime energy consumption and total pollutant emissions than the alternative HVAC systems considered in this work.

• IE interfaces
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• v.10 no.1
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• pp.237-248
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• 1997

The purpose of this study is to make an economic analysis of power plant utilities by examining electricity generating costs with environmental consideration. Economic growth has caused pollutant emission, and subsequent environmental pollution has been identified as a very real limit to sustainable development. Considering the enormous role of electricity in the national economy, it is thus very important to study the effect of environmental regulations on the electricity sector. Because power utilities need large investments during construction, operation and maintenance, and also require much construction lead time. Economic analysis is the very important process in the electric system expansion planning. In this study, the levelized generation cost method is used in comparing economic analysis of power plant utilities. Among the pollutants discharged of the electricity sector, this study principally deals with the control activities related only to $CO_2$, and $NO_2$, since the control cost of $SO_2$, and TSP (Total Suspended Particulates) is already included in the construction cost of utilities. The cost of electricity generation in a coal-fired power plant is compared with one in an LNG combined cycle power plant. Moreover this study surveys the sensitivity of fuel price, interest rate and carbon tax. In each case, this sensitivity can help to decide which utility is economically justified in the circumstance of environmental regulations.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.669-675
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• 2009

As the use of new and renewable energy is one of the ways by which the exhaustion of fossil fuels and the other existing environmental problems can be addressed, a policy of spreading information regarding it and of conducting R&D related to it is currently being implemented in advanced countries. In the construction field, the concept of "green building" was born, and the application of this concept has increased, with the end in view of achieving energy savings, resource savings, and recycling, and of conserving the natural environment. In this context, the government of Korea amended the "Law on the Development, Use, and Promotion of New and Recycled Energy" in 2004, which contains 11 provisions related to new and renewable energy and their sources, including solar and geothermal energy as well as sunlight, water, rainfall, and organisms. Since solar-energy should be used instead of fossil fuels by converting sunlight directly into electricity, many researches on this subject are in progress. There are few researches, however, employing the economic approach to the subject. Thus, in this study, an economic assessment of the solar-energy system was conducted using both life cycle cost (LCC) analysis and sensitivity analysis. The results of the LCC analysis show that the solar-energy system will become economically better than the fossil fuel system after 16 years, although the initial construction cost of the solar-energy system is higher than that of the fossil fuel system. The results of this study are expected to be used in selecting an eco-friendly and economical solar-energy system when the construction of a green building is planned.

• Journal of Korean Institute of Industrial Engineers
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• v.8 no.1
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• pp.40-60
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• 1982

Since the first oil embargo (1973), there have been developed many different types of energy-economy interaction models based upon various aspects of energy impact mechanism. We will propose to develop an integrated energy-economy interaction analysis system for less developed countries' energy policy analysis, especially for investment analysis toward constructing energy-saving industry infrastructure ; which is based on the motivation of combined energy models by John P. Weyant. This modeling system can cover the economic growth, inter-industry transactions including production features, and process analysis of energy sector in the total network scheme of general equilibrium, so that it can give many political implications as well as the modeling concept to be used for analyzing various political issues and making decisions related to national energy environment.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.63 no.2
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• pp.211-216
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• 2014

Construction of power plants and T&D facilities is so difficult because of the civil complaints and the additional cost according to the concerning field conditions. Therefore, various researches and methods have been considered to get solutions in the demand side and energy storage systems have been in the spotlight because of the various functions such as peak shaving, load shifting, and power system stabilizing, and so on. Residential small size batteries are considered in this paper and the economic analysis is carried out to evaluate the reasonable subsidy levels for the deployment of energy storage systems. Various economic parties are considered to find reasonable subsidy level comparing each other, which parties consist of utilities, participants and non-participants in general. The evaluation is based on California Standard Practice Test and the results are able to be used as subsidy guidelines.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.29 no.5
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• pp.249-258
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• 2017

This paper provides an economic analysis of a new geothermal heat pump system that reuses condenser waste heat from a Ground Source Heat Pump ($GSHP_{ch}$) to provide energy for a hot water Ground Source heat pump ($GSHP_{hw}$). After conducting feasibility tests using GLD and TRNSYS simulations, the proposed system was effectively installed and thoroughly tested. We observe that 1) the Coefficient of Performance (COP) of the $GSHP_{hw}$ and the $GSHP_{ch}$ during cooling mode improves by up to 62% and 7%, respectively; 2) the number of bore holes can be reduced by two; and 3) the hot water supply temperature of the $GSHP_{hw}$ increases by up to $60^{\circ}C$. We further conclude that 1) the reduction of two bore holes can save approximately ten million Won from the initial cost investment; and 2) the increased COP of the $GSHP_{hw}$ can save approximately one million Won in annual electricity costs.

• Journal of Korean Society of Rural Planning
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• v.25 no.2
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• pp.35-45
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• 2019

This study revises current feasibility evaluation guideline for agricultural infrastructure improvement project considering recent changes in social and economic environment in rural area. We use an AHP(Analytic Hierarchy Process) approach to consider qualitative evaluation items in policy enforcement and balanced regional development as well as quantitative items in current economic analysis in the process of feasibility evaluation and decision making. The criteria system is composed of three level hierarchy. In the first level which consists of economic analysis, policy analysis, and regional development analysis, economic analysis was ranked top with relative weight of 0.45 and regional development analysis the lowest with 0.22. In the second level which consists of three evaluation items under policy analysis, consistency in policy enforcement, risk factors, and special evaluation factors, consistency in policy enforcement was ranked top. Finally, 13 detailed evaluation items in the third level were surveyed and ranked by using a comprehensive criticality vector. The result shows that the three most important evaluation items are 'degree of underdevelopment', 'spill-over effect of regional economy' and 'consistency with related planning and policy direction'.

• Journal of Korea Technology Innovation Society
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• v.14 no.spc
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• pp.1096-1127
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• 2011

This research focus on estimating the economic effects of TOD system development from the perspective of new market creation, R&D planning cost reduction and increase of R&D projects' commercialization success rates. The research is conducted through simulation and scenario analysis with assumptions about economic effect parameters. Scenario analysis shows that scenario 1 (the application ratio of the new TOD system to total Korean R&D programs' planning is 1.4%) results in total economic effects, 921.3 billion won in 2011 price with B/C ratio 6.15, that scenario 2 (the application ratio is 1.9%) results in total economic effects, 1,250.3 billion won in 2011 price with B/C ratio 8.34, and that scenario 3 (the application ratio is 0.9%) results in total economic effects, 592.2 billion won in 2011 price with B/C ratio 3.95. The research contributed to the prior evaluation of economic validity of "R&D on Technology Opportunity Development (TOD) system" and to cultivating the new methodology of economic benefit estimation in the area of R&D on system development.

• Korea Trade Review
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• v.44 no.1
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• pp.1-15
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• 2019

This study aims to analyze the effects of trade on human capital accumulation and economic growth in Korean manufacturing industry. The results of empirical analysis by dynamic panel model are as follows. The increase in exports of skilled labor intensive industries has a positive effect on human capital and economic growth, and the impact of import on human capital accumulation and economic growth has alst a positive impact. The exports of unskilled intensive labor industries have a negative impact on human capital accumulation and economic growth. Imports of unskilled labor intensive industries have negative on human capital accumulation and economic growth. It is difficult to derive statistically significant results for the effects of trade on human capital accumulation and economic growth before and after 2008. However, as a result of the financial crisis in 2008, it seems that the effects have decreased since 2008.