• International conference on construction engineering and project management
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• 2007.03a
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• pp.625-634
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• 2007

Energy-saving is one of important issues in multi-family housing projects in South Korea. According to the study by Yu et al. (2002), the balcony conversion causes energy loss approximately one and a half times. Therefore, it is important to select the economical glass type in the balcony window. In order to identify the most economical glass type of balcony conversion in multi-family housing projects, the most typical type of the multifamily housing projects in the metropolitan area was selected as a candidate project. The selected candidate project has been simulated using ENERGY-10 program to estimate the heat load by the different five types of glasses as well as their life cycle cost analysis (LCCA) using present worth method. Finally, sensitivity analysis has been conducted to determine the most economical glass types under a different discount rate (interest rate) and service life of building.

• International conference on construction engineering and project management
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• 2024.07a
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• pp.855-862
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• 2024

Many international development (ID) projects have continued to fail to deliver their intended socio-economic benefits to the beneficiary (i.e., a group of primary recipients of these benefits). In this research, drawing from project stakeholder and benefit management literature, we investigated how ID project performance is perceived by beneficiary, how beneficiary is engaged, and how such engagement contributes to ID project performance. The results from thirteen semi-structured interviews with those leading beneficiary engagement in ID projects in Indonesia showed that, as compared with other projects, ID projects place a stronger emphasis on benefit realization when it comes to performance evaluation given their focuses on achieving socio-economic objectives. Beneficiary engagement during the entire life cycle was found to be critical to benefit realization in ID projects. Although the specific methods employed can vary, the beneficiary engagement in ID projects usually take a participatory and longer-term perspective, aiming to facilitate not only the benefit realization but also the sustainability of the benefits over time. This research extends prior project stakeholder and benefit management literature to a specific stakeholder group (i.e., beneficiary) in a unique context (i.e., ID projects). It also offers practical insights to assist organizations effectively plan and manage beneficiary engagement in future ID projects.

• Environmental and Resource Economics Review
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• v.33 no.3
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• pp.263-289
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• 2024

In this paper, we quantify the socio-economic impacts of recycling from a carbon social benefit perspective based on a life cycle assessment and economic evaluation of the printed circuit board (PCB) recycling process for waste mobile phones. In particular, we compare the metal recovery process through PCB recycling of waste mobile phones with the traditional metal mining and smelting process, and analyze the change in carbon dioxide emissions under two electricity generation mixes in 2018 and 2030. The analysis shows that for both gold and copper, PCB recycling generates 6.86 times and 3.69 times more carbon dioxide than traditional mining and smelting, respectively. However, when the 2030 electricity generation mix is applied, the amount of carbon dioxide emitted in the recycling process decreases by 44.72% and 44.65% for copper and gold recovery, respectively. This is due to the nature of the recycling process, which uses electricity as the main energy source. A cost-benefit analysis that includes the social cost of carbon dioxide shows a B/C of 1.95, indicating that recycling is economically feasible. However, this result does not take into account both the problem of securing a sufficient amount of waste PCBs and the social cost of the pollutants emitted by the recycling process. Based on the results of this study, it is expected that cost-benefit analyses reflecting the social cost of carbon and carbon dioxide emissions through life cycle assessment of the recycling process will continue to be actively conducted not only for PCB waste recycling, but also for the circular economy and recycling processes that have recently attracted attention.

• Journal of the Korean Society of Costume
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• v.63 no.8
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• pp.156-170
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• 2013

The purpose of this research is to scrutinize the cyclist's consumer behavior by analyzing the eWOM information search behavior of cycle-wear according to benefits sought and involvement. The research was conducted through an online survey and the respondents were 291 men who wore cycle-wear and searched information via online. The results of this research are as following. First, the benefits sought from wearing cycle apparel are composed of five sub-factors such as, ideal body figure, brand ostentation, comfort ease, personality, and economic feasibility. In addition, the cycle-wear involvement consisted of two sub-factors: cycling involvement and fashion involvement. Second, the eWOM information search behavior of cyclists was different depending on the benefits sought by the cyclists. When the cyclists pursued ideal body figure they searched more information of design and color, while cyclists put more weight on the information of design, color, and brand when they sought brand ostentation. Moreover, the valence and the type of the information were dissimilar depending on the benefits sought. Third, the sub-factors of eWOM information search behavior affected the eWOM effect distinctively. The price information was the only factor that influenced the eWOM effect among the contents of the information. The valence of the information influenced the eWOM effect, and the effect of positive information was stronger than negative information. Additionally, the subjective information also affected the eWOM effect. Lastly, the effect of the benefits sought influencing the eWOM information search behavior varied by the difference of the cycle-wear involvement. For example, when they are both high in the involvement there were various benefits sought affecting the eWOM information search behavior. However, when only the cycling involvement was high, and they pursued personality, the price information was not important to them.

• Korean Journal of Construction Engineering and Management
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• v.2 no.2 s.6
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• pp.59-67
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• 2001

The purpose of this study is to evaluate economics by the Life Cycle cost(LCC) analysis of Steel Box Girder and Prestressed Box Girder bridge types. The study has been performed as a case study. A questionnaire survey for the repair and replacement cycle has been done in order to predict operation and maintenance costs. For LCC analysis and comparison, the present value technique is used. The results of this study are summarized as follows: (1) A LCC analysis model of Steel Box Girder and Prestressed Box Girder bridge types is suggested through a case study. (2) The repair and replacement cycle of elements of them are investigated using a questionnaire survey. (3) As a result of LCC case study, the type of Prestressed Box Girder bridge is analyzed more economic than Steel Box Girder.

• Economic and Environmental Geology
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• v.52 no.6
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• pp.587-593
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• 2019

This study were subjected to accelerated weathering test under freeze-thaw and pressure conditions to observe initiation and propagation of cracks using CLSM. Applied stress was set at 50 MPa, 55 MPa, 70 MPa for 3 samples each by using compressor and freeze-thaw experiment was conducted while samples maintained that condition. In freeze-thaw experiments, a temperature range was set to -20~40℃ which was 1 cycle for 6 hours. The freeze-thaw cycle was composed of time which reached to set temperature for 1 hour and holding time for 2 hours. On the basis of this cycle, surface of samples was observed by CLSM after each 20 freeze-thaw cycle. From this research, according to increase freeze-thaw cycle, there were 7, 10, 19 each cracks and High pressured sample's accumulate length was longer than low pressured sample's. High pressured sample's crack velocities were also faster than low pressured sample's which were calculated by accumulate length and freeze-thaw cycle.

• Korean Journal of Construction Engineering and Management
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• v.16 no.4
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• pp.41-49
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• 2015

The amount of energy consumed in air ventilation systems of public facilities accounts for 40% of their total energy consumption. To reduce their energy consumption, applying variable speed operation controlled by an inverter with a high-efficiency motor is suggested. Since these methods require higher initial investment costs compared to the existing systems, economic evaluation should be conducted from a long-term perspective. While LCCA(Life Cycle Cost Analysis) model is useful to estimate net savings of alternatives that differs with respect to initial costs and operating costs, the environmental burdens are not considered. On the contrary LCA(Life Cycle Assesment) model is suitable to assess environmental impacts associated with the stages of a product's life but it does not consider costs. In this study, the high-efficient motors are introduced into the air ventilation system of a subway station and a comprehensive analysis on the economic and environmental impacts of the proposed method is conducted by using LCCA and LCA model.

• Management & Information Systems Review
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• v.36 no.4
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• pp.53-80
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• 2017

The purpose of this study is to examine the determinants of the number of bank relationships in Korea. Firm-specific determinants considered here include leverage, size, age, return on asset, investment grade, tangibility, liquidity, R&D expenditure. We estimate the effects of these variables, and compare the results with those from previous studies performed for other economies. Concerning the effects of business cycle, we find that the business cycle is an important factor in determining the number of bank relationships. The number of bank relationships varies over the business cycle, and we notice a counter-cyclical behavior, which means the number decreases during economic expansions and increases during contractions. This result can be interpreted as a result of firms' diversification of borrowings into multiple banks in order to reduce the liquidity risk during the recession. In the subsets, however, the number of bank relationships for large firms is stable regardless of the business cycle. Unlisted firms, non-chaebol, and low credit quality firms which have relatively limited access to alternative sources of financing show counter-cyclical behavior. Finally, such phenomena is not observed in the non-competitive credit market, while they show a counter-cyclical behavior in the competitive credit market.

• Journal of the Korean Solar Energy Society
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• v.32 no.6
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• pp.60-67
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• 2012

Government Geothermal Cooling-Heating Projects has made efforts to reduce GHG(Greenhouse Gas) emissions and to manage cost of greenhouse farm households. This study evaluated the economic benefits of heating load rate of change by comparing Geothermal Cooling-Heating System with the existing system(greenhouse diesel heating) in the Government Geothermal Cooling-Heating Projects. Economic analysis results shows that, 1) When installing the Cooling-Heating system according to the ratio of 70% heating load in policy standards, the geothermal cooling-heating system has economic efficiency with greenhouse type or scale independent because the investment cost is recovered within 7 years. And It was more economic efficiency the ratio of 50% heating load than70% heating load. 2) When installing the Cooling-Heating system according to the glass greenhouse of the ratio of 90% heating load, pay period of investment cost is recovered within 5 years. Therefore it is necessary to apply flexible heating sharing according to greenhouse type or scale.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.34 no.1
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• pp.74-79
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• 2011

Engineering valuation is a specialized discipline requiring expert knowledge and judgment, which scientifically estimates the economic value of industrial properties. By industrial properties, we mean engineering structures such as mines, factories, buildings, machines, and other industrial facilities as well as facilities of public enterprises. Particular industrial properties can have longer economic life if their performance is excellent and they are still suitable for current manufacturing needs. If not, its economic life will be shorter. As speed of technological progress becomes rapid, life-cycle and development period of a product is becoming shorter. In an industry characterized by rapid development of technology, industrial properties can become obsolescent faster. Even if they are in good working order, they could be no longer suitable for manufacturing new products based on radically different technology. In our research, we apply engineering approach to estimating functional economic life by factoring in technological obsolescence in such an industry.