• Journal of the Korean Society of Fisheries and Ocean Technology
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• 제59권2호
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• pp.181-187
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• 2023

Laver aquaculture, which occupies a large proportion in the aquaculture industry in Korea, is still highly dependent on human labor. Therefore, it is necessary to study the development of an automatic system to improve the working environment and increase the efficiency of aquaculture production systems. The purpose of this study is to evaluate the economic feasibility of an improved system in a study for the loading-unloading and automatic weighing systems in laver aquaculture industry. Economic analysis of the developed unloading and automatic weighing system were implemented under various conditions to calculate more accurate benefits and costs. As a result of this study, the economic feasibility was found to be very high in the three models: net present value (NPV), benefit-cost ratio (B/C), internal rate of return (IRR). Moreover, the results of sensitivity analysis showed that the economical efficiency of the automatic loading, unloading, and weighing system in laver aquaculture was very high.

• Journal of Korean Society of Environmental Engineers
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• 제39권7호
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• pp.377-384
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• 2017

This study examined the possibility of solving the water shortage problem through the water reuse of buildings through the Suwon water reuse (greywater) facility installation project conducted as a pilot project of Ministry of Environment. Water reuse of individual building units can reduce city water demand by up to 25%. This is a level that can solve the water shortage problem in Korea. However, in order to revitalize the water reuse facilities of individual buildings, it is necessary to solve the problem of the user's rejection of the greywater and the economical problems. The resolution of the user's rejection can be solved by linking the MBR process with the AOP process. When the MBR process and the AOP process are operated in conjunction with each other, it is found that the users do not feel the water quality difference with the tap water. Economical problems can be solved at the water rate levels when the facility capacity is over 100 ton/day considering the construction cost and the operation cost, and when the operation cost alone is over 15 ton/day. Furthermore, when considering the social benefit cost, it is found that profit is generated from 150 ton/day.

• Resources Recycling
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• 제25권2호
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• pp.17-24
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• 2016

This study aims at evaluating environmental impacts on recycling process of used small household appliances. The recycling process mainly consists of manual dismantling, crushing and various sorting processes to effectively recover valuable resources and to minimize environmental impact. In this study, life-cycle assessment (LCA) methodology is applied to analyze major environmental parameters such as GWP, ADP, POCP, EP, etc. One of the major impact categories on the weight basis in the recycling process is global warming (GWP) 57.1%, next to ADP 35.4% and POCP 4.8%, respectively. As a result of environmental impact on recovery of valuable resources/ton, the GWP of plastics for ABS is highest (33.7%) compared to ferrous metals (9.4%). The effects of environmental and economical benefit are also analyzed to compare with the amount of virgin materials to be recycled by recycled materials. In addition, recycled materials are also more economical in comparison to virgin materials due to the environmental avoiding effect by recycling. In conclusion, the key environmental issues related to the recycling of e-wastes are analyzed and therefore, the effective recycling process will contribute to mitigate global warming potential in the near future.

• Journal of the Korean Society of Marine Environment & Safety
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• 제21권6호
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• pp.790-797
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• 2015

This study tried to evaluate the safety and economical benefit of Nitrox-diving by comparing with Air diving. We used actual diving data which was recorded in construction site of the Busan-Geoje fixed link immersed tunnel in 2010. The study method was to assort and analyze the diving data by divers, depth, breathing air, and diving table. Furthermore, the study examined the possibility of outbreak decompression sickness by comparing Nitrox diving and Air diving in no-decompression limit time, decompression time, working time. As a result, this study confirms that if certain diver breathe Nitrox for diving and oxygen for decompression, not only the risk of decompression sickness could be minimized, but also duration of decompression could be shortened. Moreover, it was estimated that a remarkable difference(more than 3 times) between actual duration of underwater construction period and virtual construction period by using air. As a result, the study confirmed that Nitrox diving is more efficient and economical than Air diving in physically limited and hazardous diving environment.

• The Journal of Fisheries Business Administration
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• 제29권1호
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• pp.121-137
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• 1998

This study was conducted to examine the economic evaluation of the newly developed fish meal analog (BAIFA-M) in Korean rockfish feed. A raw fish feed (MP) and two commercially formulated diets (EP) were employed to compare weight gain (WG), feed conversion ratio (FCR) and survival rate (SR) from the sea cage culture system. By using the economic model in the practical sea cage culture system, feed cost, production cost and gross profit per kg production, rate of profit to gross revenue (RPGR), and internal rate of return (IRR) were calculated based upon the results of the experiment and the information of the private aquaculture farm (Young Chang) in Tong young, Korean. IRR criteria is one of the popular economic feasibility analysis methods applicable far aquaculture industry. This is an economic evaluation method to compare the given interest rate or the discount rate with IRR which can be calculated by the difference between the present value of the benefit stream and of the cost stream. The benefits of using EP on WG, FCR, SR, and production cost will be emphasized in this study. Fish averaging 20$\pm$3.6g (Mean$\pm$SD) were randomly distributed in each small cage (6m$\times$6m) as groups of 2,000 fish. By using 3 large size cages (12m$\times$12m), 12 small cages were constructed, and only 9 small cages were employed for three replicates of each diet treatment. To compare with MP diet, two sinking EP diets were designed by our laboratory and produced by the local feed company who wanted to promote these EP diets for the mass cage culture of Korean rockfish in the future. Two EP diets contain white fish meal and/or BAIFA-M as the main animal protein sources : WFM diet, maximum 43% of white fish meal : BAIEA- M diet, 30% of white fish meal nab replaced by BAIFA- M from WFM diet. Results are summarized in Table 1. Fish fed MP diet showed significantly lower SR than does fish fed two EP diets(P<0.05). However, there Were no significant difference on FCR among fish fed three practical diets. Table 1. Average feed conversion ratio (FCR), accumulative average survival rate (SR) and economic evaluation data far three practical diets. As we expected, BAIFA-M diet is more economical than WFM diet as well as MP diet. Feed cost and production cost per kg production from BAIEA - M diet were lower than those from WFM and MP diets. Moreover, gross profit per Kg production, RPGR and IRR from BAIFA- M diet were higher than those from WFM and MP diets. This economic evaluation study clearly indicated that MP diet should be replaced by the commerical formulated EP diets as soon as possible in the near future because MP diet is not economical in the practical sea cage culture system.

• Journal of the Korea Academia-Industrial cooperation Society
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• 제21권12호
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• pp.77-86
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• 2020

Power quality problems caused by feeder voltage drop and extension construction cost problems can occur with the increasing utilization rates of the existing fixed-type EV (electric vehicle) charger. Moreover, EV users might not be able to access the EV charger due to a lack of EV charging facilities. Therefore, this paper proposes an MPSD (movable power supply device) for EVs to overcome user inconvenience caused by the insufficient number of chargers and extension cost issues. The proposed MPSD was mainly composed of a PV (photovoltaic) system, ESS (energy storage system), EV charging system, and monitoring and control system. Furthermore, there are three operation modes available to enhance the flexibility of the MPSD application, depending on the situation. This paper also presents an economical evaluation modeling using the present worth method to consider the cost and benefit elements. The simulation results based on proposed modeling showed that MPSD is more economical than the existing EV charger. Moreover, its profit can be increased significantly depending on the distance to the installation point.

• Korean Security Journal
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• 제41호
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• pp.7-36
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• 2014

Recently the Korean government announced that minimum wage policy would be applied even to apartment security staffs by 2015 who had been waived from the policy enforcement for their unique work conditions. This caused apartment management to introduce unmanned security system instead of employing security staffs because of fearing possible hike of management fees. People recklessly tend to believe unmaned system is cheaper than maned system if minimum wage guideline is applied. This study examines the economic feasibility of two different apartment security systems by utilizing cost-benefit analysis: maned and unmaned security systems. The authors estimate the costs and the benefits of each security system for 5 years(2014-2018) with application of social discount rate(5.5%). Thirty six apartment complexes at 8 different areas(meons and dongs) in Asan, Chungcheongnam-do province were surveyed. And to attain the exact costs of unmaned system establishment and operation, the authors interviewed persons working for the unmaned security corporations. The benefit-cost(B/C) ratio for unmanned security system is 1.66% at minimum and 1.30% at maximum. while B/C ratio for manned security system is 1.42% and 1.66% respectively. This results mean that people's belief is not correct, that is, transferring from maned system to unmaned is not always economically efficient. Benefits of maned security system is more diverse than unmaned system. The former provides living conveniences(parking helps and keeping parcels) and social benefits(employing aged worker and giving them opportunities to enjoy happier lives) as well as security benefits like crime prevention. The latter provides security benefits only, but that effect is also doubtable. Taking into account these diverse benefits maned system provides, the B/C ratio of maned system is equitable or higher than unmaned system.

• Tunnel and Underground Space
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• 제23권1호
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• pp.1-12
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• 2013

Enhanced oil recovery (EOR) technology coupled with underground carbon dioxide sequestration is introduced. $CO_2$ can be injected into an oil reservoir in order to enhance oil production rate and $CO_2$ EOR can be turned into CCS in a long term sense. Coupling $CO_2$ EOR with CCS may secure a large scale and consistent $CO_2$ source for EOR, and the $CO_2$ EOR can bring an additional economic benefit for CCS, since the benefit from enhanced oil production by $CO_2$ EOR will compensate costs for CCS implementation. In this paper, we introduced the characteristics of $CO_2$ EOR technology and its market prospect, and reviewed the Weyburn $CO_2$ EOR project which is the first large-scale $CO_2$ EOR case utilizing an anthropogenic $CO_2$ source. We also introduced geotechnical elements for a successful and economical implementation of $CO_2$ EOR with CCS and they were a miscroseismic monitoring during and after injection of $CO_2$, and determination of minimum miscible pressure (MMP) and maximum injection pressure (MIP) of $CO_2$.

• Journal of Energy Engineering
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• 제26권4호
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• pp.107-117
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• 2017

Since South Korea started to apply Renewable Portfolio Standard (RPS) in 2012, there have been huge investment for deploying renewable technologies. Recently, the government determined to incentivize battery energy storage system(BESS) with renewable generations in order to induce the improvement of dispatching capability. In this paper, the annual pattern of PV generation based on actual generation data in South Korea is analyzed and the duration curve of capacity factor is proposed in order to provide the simplified analyzing methodology of present support policy for additional BESS installation for decision maker who is responsible for supply and demand planning. With suggested methodology, the range of appropriate BESS size with respect to the variation of system marginal price(SMP) and renewable energy certificate(REC) price can be derived briefly, and decision makers easily evaluate the effect of support scheme. Current policy for BESS installation support present additional BESS-related installation policy may give incentives to developers partially, however, the dependence between BESS size and benefit components (SMP and REC) can limit the deployment of the various portfolios of the BESS. Therefore, when improving the current policy in future, addressing the dependence between the technical aspects of battery size and the benefit components separately by the technical and economical parts is needed to set the suitable compensation rules for the renewable generation and BESS.

• Resources Recycling
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• 제31권3호
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• pp.40-52
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• 2022

This study analyzed the amount of carbon dioxide reduction and economic benefits of detailed processes of CO₂ 6,000 tons plant facilities with mineral carbonation technology using carbon dioxide and coal materials emitted from domestic circulating fluidized bed combustion power plants. Coal ash reacted with carbon dioxide through carbon mineralization facilities is produced as a complex carbonate and used as a construction material, accompanied by a greenhouse gas reduction. In addition, it is possible to generate profits from the sales of complex carbonates and carbon credits produced in the process. The actual carbon dioxide reduction per ton of complex carbonate production was calculated as 45.8 kgCO₂eq, and the annual carbon dioxide reduction was calculated as 805.3 tonCO₂, and the benefit-cost ratio (B/C Ratio) is 1.04, the internal rate return (IRR) is 10.65 % and the net present value (NPV) is KRW 24,713,465 won, which is considered economical. Carbon mineralization technology is one of the best solutions to reduce carbon dioxide considering future carbon dioxide reduction and economic potential.