• Clean Technology
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• v.23 no.4
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• pp.441-447
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• 2017

The economic analysis for the power plant developed in the conceptual design phase is becoming more important and, research on process optimization for process development that meets the target economic is actively carried out. In the filed of power generation systems, economic assessment methods to predict the levelized cost of electricity (LCOE) has been widely applied for comparing economic effect quantitatively. In this paper, the platform that design criteria of key component required to optimize economic of power cycle can be calculated reversely was established roughly and design criteria of the key equipment (Compressor, turbine, heat exchanger) required to meet the target LCOE (the LCOE of supercritical steam Rankine cycle) was derived when the supercritical $CO_2$ power cycle is applied to the coal-fired power plant.

• Journal of Electrical Engineering and Technology
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• v.10 no.4
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• pp.1471-1479
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• 2015

A major portion of the capital costs in the present day power transmission systems are due to the cost of equipment and construction process. Transmission utilities in the recent years are drawing greater attention towards performing life cycle costing studies for cost management and decision making. However, the data involved in these studies are highly uncertain and the effect of these uncertainties cannot be directly included in the study process, resulting in inaccurate solutions. Interval mathematics provides a method for including these uncertainties throughout the cost analysis and provides final solution range in the form of intervals. In this regard, it is essential and extremely important that significant research has to be carried out in understanding the principles of life cycle costing methodology and its applicability to cost analysis of transmission lines along with uncertainties involved in the cost assessment process. In this paper, economic analysis of power transmission lines using interval mathematics has been studied. Life cycle costing studies are performed using net present value analysis on a range transmission lines used in India and the results are analyzed. A cost break even analysis considering right of way costs was carried out to determine the point of economy indifference.

• Nuclear Engineering and Technology
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• v.43 no.2
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• pp.141-148
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• 2011

This paper presents the quantitative analysis results of research on the burnup effect on the nuclear fuel cycle cost of BeO-$UO_2$ fuel. As a result of this analysis, if the burnup is 60 MWD/kg, which is the limit under South Korean regulations, the nuclear fuel cycle cost is 4.47 mills/kWh at 4.8wt% of Be content for the BeO-$UO_2$ fuel. It is, however, reduced to 3.70 mills/kWh at 5.4wt% of Be content if the burnup is 75MWD/kg. Therefore, it seems very advantageous, in terms of the economic aspect, to develop BeO-$UO_2$ fuel, which does not have any technical problem with its safety and is a high burnup & long life cycle nuclear fuel.

• Nuclear Engineering and Technology
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• v.54 no.3
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• pp.877-887
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• 2022

A new reactor concept is described that directly couples a supercritical CO₂ (sCO₂) power cycle with a CO₂-cooled, heavy water moderated pressure tube core. This configuration attains the simplification and economic potential of past direct-cycle sCO₂ concepts, while also providing safety and power density benefits by using the moderator as a heat sink for decay heat removal. A 200 MWe design is described that heavily leverages existing commercial nuclear technologies, including reactor and moderator systems from Canadian CANDU reactors and fuels and materials from UK Advanced Gas-cooled Reactors (AGRs). Descriptions are provided of the power cycle, nuclear island systems, reactor core, and safety systems, and the results of safety analyses are shown illustrating the ability of the design to withstand large-break loss of coolant accidents. The resulting design attains high efficiency while employing considerably fewer systems than current light water reactors and advanced reactor technologies, illustrating its economic promise. Prospects for the design are discussed, including the ability to demonstrate its technologies in a small (~20 MWe) initial system, and avenues for further improvement of the design using advanced technologies.

• International conference on construction engineering and project management
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• 2007.03a
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• pp.30-40
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• 2007

The demand for light-rail construction projects has recently been increasing, and they are mostly supervised by private construction companies. Therefore, a private construction company that aim to raise gains from the operation of the facilities during the contract period greater than what they invested should b able to accurately calculate the costs from the aspect of Life Cycle Cost (LCC). In particular, a light-rail transit bridge that has a heavier portion from the aspect of the cost of light-rail transit construction requires a more accurate calculation method than the conventional LCC calculation method. For this, an LCC analysis model was developed and a cost breakdown structure was suggested based on literature review. The construction costs by shape of the upper part of a light-rail transit were calculated based on the cost breakdown system presented in this paper, and the cost generation cycle and cost unit price were collected and analyzed based on records on maintenance costs, rehabilitation and replacement. In addition, after forming some hypotheses in order to perform the LCC analysis, economic evaluation was conducted from the aspect of the LCC by using performance data by item.

• 한국연소학회:학술대회논문집
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• 2012.11a
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• pp.225-228
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• 2012

Thermodynamic and economic analysis on various type of gas turbine combined cycle power plants was presented to build up the criteria for optimization of power plants. The efficiency considered about energy level difference between electricity and heat was introduced. The efficiency on power and heat generation of power plants whose have different purpose was estimated and power generation costs on various type of combined heat and power plants : fired/unfired, condensing/non-condensing mode, single/double pressure HRSG.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2015.11a
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• pp.192-193
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• 2015

Construction Cycle Trend Survey, which survey total value of orders and realized amounts monthly, is a valuable statistics that used to quick grasp or forecast the trend of domestic construction business. In recent periodical survey quality diagnoses, few professional users named a problem that Construction Cycle Trend Survey could not get together with the current state of the construction industry. This study examined weather Construction Cycle Trend Survey reflects the economic sentiment of construction business or not. Paired t test was performed between Construction Cycle Trend Survey and Construction Business Survey Index (CBSI), and significant differences were verified.

• International Journal of Highway Engineering
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• v.18 no.3
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• pp.33-45
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• 2016

PURPOSES : Concrete pavement has been used in the construction of the Jungbu expressway in 1987. More than 60% of the pavement on the expressway is currently made of concrete, but most has been used far beyond their design life. Pavement life has been extended through routine maintenance or overlay. However, the structural capacity of the pavement has reached its limit, and extensive rehabilitation/reconstruction with long time traffic blocking should be considered. The three following issues on concrete rehabilitation/reconstruction will be discussed: (1) economic comparison of asphalt inlay and asphalt overlay, (2) economic comparison preventive overlay on a section which is currently good and routine overlay on the section which will be poor, and (3) economic analysis of early-strength concrete when it is used in concrete reconstruction. METHODS : First, various life cycle cost analysis tools were compared, and the proper tool for the extensive rehabilitation/reconstruction was selected. Second, a sensitivity analysis of the selected tool was performed to find the influential input variables, which should be carefully selected in the analysis. Third, three case studies, which can be issues in the rehabilitation/reconstruction of the expressway concrete pavement in Korea, were performed. RESULTS : Asphalt overlay without milling the deteriorated concrete showed 18~25% lower life cycle cost than the current asphalt inlay with milling. The good current preventive overlay on the section was economically justified within the scope of this study. The construction cost limit of the early strength concrete was suggested to be economical for 1, 3, and 7 days of construction alternative opening. CONCLUSIONS : CA4PRS was a viable tool for comparing various rehabilitation/reconstruction issue alternatives. Several concrete issues associated with the rehabilitation/reconstruction of the deteriorated concrete pavement were discussed as mentioned above.

• Korean Chemical Engineering Research
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• v.47 no.1
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• pp.65-71
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• 2009

In this study, performance and economic analysis of natural gas/syngas fueled 100 MWth chemical-looping combustion (CLC) combined cycle plant were performed. Net efficiency of both cases was 53~54%, corresponding to previous research. We used Chemical Engineering Plant Cost Index and Guthrie method to evaluate plant cost. For syngas fueled CLC combined cycle plant, the plant cost was higher since lower heating value(LHV) of syngas was lower than that of natural gas and cost of electricity(COE) was also higher since the cost of syngas was higher than that of natural gas. By sensitivity analysis, it was shown that the cost of syngas should be less than 5.3 $/GJ in order to make COE lower than 5.8 ¢/kWh which was COE of natural gas fueled CLC combined cycle plant.

• Proceedings of the KSR Conference
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• 2011.05a
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• pp.1313-1320
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• 2011

World Business Council for Sustainable Development(WBCSD) is effort to achieve sustainable development in economic growth, environmental preservation and social development. Being this way, it is essential for developing evaluation tool which quantify to fulfill sustainable development. Eco-efficiency is one of the quantitative tools to evaluate environmental impact and economic aspect. Eco-efficiency, in general term, means creating more value of product or services with less impact to environment. It indicates as environmental impact in denominator and value of product or services in numerator. Eco-efficiency shows how much economic value reveals to unit environmental impact caused by product or service as an indicator. This study aims at developing eco-efficiency indicator of railway industry considering use stage among the entire life cycle stage of KTX and Saemaul train and also, figure out eco-efficiency value through indicator. Therethrough, it is enables to evaluate created value per environmental aspects. Since rail vehicles demands a lot of energy to transport people during use stage, the environmental impact is more significant than other lkfe cycle stages. Therefore, it quantified environmental indicator as CO2 emission and economic indicator as transportation record per a year with an annual income. This study contributes to be used as a tool for quantifying indicator of comparison evaluation in respect of rail vehicle in use stage.