• Asia-Pacific Journal of Business
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• v.13 no.2
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• pp.139-154
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• 2022

Purpose - This study aims to analyzing of solar power generation cost-benefit. Design/methodology/approach - We analyzed whether there is economic feasibility by selecting parking lots and idle sites located in four areas of Seoul, Gyeonggi, Chungcheong, Jeolla, and Gyeongsang areas nationwide, and analyzing site conditions and installation capacity. Findings - According to the results of the analysis, it was found that there is low profitability in Seoul, Gyeonggi and Chungcheong regions, where the solar radiation was not excellent even if REC is selected through the contract market. However, it is necessary to analyzed the economical validity the profitable validity including environmental benefits (greenhouse gas reduction, NOx, SOx reduction effect) and social benefits (renewable power supply) that is analyzed by income and operating costs which is occurred from electricity sales and REC sales when installing solar power generation facilities. Research implications or Originality - In this study, economic feasibility was evaluated additionally in consideration of environmental and social benefits. In conclusion, it was shown that businesses are not economical when considering only simple financial aspects are also sufficiently economical when it is considering environmental and social benefits.

• International conference on construction engineering and project management
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• 2022.06a
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• pp.1254-1254
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• 2022

The Multi-family Residential is one of the most famous building types for a rental property in the US. Often times it includes multiple residential buildings and some amenity facilities, including a clubhouse or leasing office, swimming pool, dog park, and garages. Since the building type is built for rental purposes, the construction planning is phased and it makes the project complicated. Detailed planning and execution are important for successful construction management. This paper provides some management practices that are applied to one of the multi-family residential construction projects in Phoenix, AZ. The Front End Planning (FEP) process performed by both owner and contractor is the first key to a successful construction project. Specifically, the early review of phased turnover strategy, grading, fire/Americans with Disabilities Act (ADA) compliance, and Mechanical/ Electricity/Plumbing/Technology (MEPT) will provide absolute benefit to the project. Second, using a scheduling method to control short-term schedules and long-term can provide the ability to manage the issues with agility. Third, material delivery and procurement dominate the both project schedule and cost. With this COVID-19 circumstance, it is hard to expect the material, equipment, and labor forces to be delivered on time with the contracted price. Managing floats are more than important to managing construction productivity. Risk management should work to share the risks fairly. Lastly, turnover is directly linked with the profit of the project for both owner and contractor. The communication between the owner and contractor to re-schedule the proper turnover schedule is important for the phased construction project.

• Journal of Hydrogen and New Energy
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• v.33 no.6
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• pp.623-635
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• 2022

As global warming accelerates, clean hydrogen production becomes more important to mitigate it. However, importing hydrogen is necessary for countries that have high energy demands but insufficient resources to produce clean hydrogen. In line with the trend, this study investigated both the economic and environmental viability of an overseas hydrogen supply chain between Australia and the Republic of Korea. Several possible methods of water electrolysis and hydrogen carriers are compared and effect of renewable electricity price on the cost of hydrogen production is evaluated.

• Current Photovoltaic Research
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• v.10 no.1
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• pp.6-15
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• 2022

Climate change is among the most important issues facing mankind in modern society. However, global PV energy expansion has been driven mainly by OECD countries. We investigate the determinants of PV energy growth by panel data of selected OECD countries from 1991 to 2018. We investigate four categories of driving factors: socioeconomic, technological, country specific, and policy factors. The test results support that PV capacity growth is significantly driven by technology development and multidimensional environment policy factors. Socioeconomic factors such as CO₂, GDP, and electricity price are statistically significant on the growth of PV energy, too. Whereas, country-specific solar potential factor is the least related. As most of the socioeconomic factors are exogenous, we need to focus more on PV technology development and policy measures.

• Nuclear Engineering and Technology
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• v.56 no.4
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• pp.1234-1243
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• 2024

The pressing need to mitigate greenhouse gas emissions has stimulated a renewed interest in nuclear energy worldwide. However, while numerous countries have shown interest in nuclear power over the course of history, many of them have not continued their pursuit and chosen to defer or abandon their peaceful nuclear power projects. Scrapping a national nuclear power program after making initial efforts implies significant challenges in such a course or a waste of national resources. Therefore, this study aims to identify the crucial factors that influence a country's decision to terminate or hold off its peaceful nuclear power programs. Our empirical analyses demonstrate that major nuclear accidents and leadership changes are significant factors that lead countries to terminate or defer their nuclear power programs. Additionally, we highlight that domestic politics (democracy), lack of military alliance with major nuclear suppliers, low electricity demand, and national energy security environments (energy import, crude oil price) can hamper a country's possibility of regaining interest in a nuclear power program after it has been scrapped, suspended, or deferred. The findings of this study have significant implications for policymakers and stakeholders in the energy sector as they strive to balance the competing demands of energy security, and environmental sustainability.

• International Journal of Aerospace System Engineering
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• v.11 no.1
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• pp.1-3
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• 2024

Around the world, fossil fuel energy is being replaced with renewable energy due to environmental problems and sharp price increases. Many countries are making a change in the direction of moving toward eco-friendliness by reducing carbon emissions. Among renewable energies, the wind energy is eco-friendly because it produces electricity by wind power without carbon emissions, and it attracts attention worldwide as a great alternative to the exhausted fuel energy. To improve the efficiency of wind turbines, large and extra-large wind turbines have been developed all over the world by increasing install and diameter. These wind turbines have difficulty in transport after manufacture because of their size and height. Since the height of wind turbine blades is higher than the existing tunnel height, it is impossible to transport them. In this study, therefore, a 5 MW class large blade was separated for transport easiness as wind power generators became larger globally. Aerodynamic design and analysis was carried out for the blade. After performing structural design and analysis with the model designed, the stress concentration of the analyzed model and the various factors for consideration when separating were considered to conduct the study of selecting the optimal blade separation positions.

• Journal of Energy Engineering
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• v.29 no.2
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• pp.68-78
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• 2020

According to the new climate change agreement, technology development to reduce greenhouse gases is actively conducted worldwide, and research on energy efficiency improvement in the field of power generation and transmission and distribution is underway [1,2]. Economic analysis of the operation method of storing and supplying surplus electricity using energy storage devices, and using energy storage devices as a frequency adjustment reserve power in regional cogeneration plants has been reported as the most profitable operation method [3-7]. Therefore, this study conducted an economic analysis for the installation of energy storage devices in the combined heat and power plant in the Czech Republic. The most important factor in evaluating the economics of battery energy storage devices is the lifespan, and the warranty life is generally 10 to 15 years, based on charging and discharging once a day. For the simulation, the ratio of battery and PCS was designed as 1: 1 and 1: 2. In general, the primary frequency control is designed as 1: 4, but considering the characteristics of the cogeneration plant, it is set at a ratio of up to 1: 2, and the capacity is simulated at 1MW to 10MW and 2MWh to 20MWh according to each ratio. Therefore, life was evaluated based on the number of cycles per year. In the case of installing a battery energy storage system in a combined heat and power plant in the Czech Republic, the payback period of 3MW / 3MWh is more favorable than 5MW / 5MWh, considering the local infrastructure and power market. It is estimated to be about 3 years or 5 years from the simple payback period considering the estimated purchase price without subsidies. If you lower the purchase price by 50%, the purchase cost is an important part of the cost for the entire lifetime, so the payback period is about half as short. It can be, but it is impossible to secure profitability through the economy at the scale of 3MWh and 5MWh. If the price of the electricity market falls by 50%, the payback period will be three years longer in P1 mode and two years longer in P2 and P3 modes.

• Journal of Environmental Impact Assessment
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• v.26 no.4
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• pp.217-226
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• 2017

Although the effects of climate change are universal, Small Island Developing States (SIDS) are considered to be most vulnerable. SIDS heavily rely on imported oil and fossil fuels for electricity generation and transportation, which makes them economically vulnerable and exposed to fluctuating oil price. Among the reasons SIDS highly depend on diesel fuel is due to the dispersed population living in remote islands which means, providing electricity through on on-grid system is difficult. Fiji as one of the SIDS, has actively promoted renewable sourced energy through a national plan to mitigate the impacts of climate change. In order to determine how feasible implementing a renewable energy (RE) system will be in Fiji, this study chose a remote island called Mavuva Island to test application of a hybrid RE system using HOMER. A combination of energy storage system (ESS), solar photovoltaic (PV) and diesel generator turns out to be the most cost effective and optimal configuration, resulting in effective greenhouse gas reduction for the given region.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2004.11a
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• pp.290-295
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• 2004

Along with social changes, school buildings are getting complex and diversified unlike the past. However, objective data analysis on construction costs fall short. In particular, ordering agencies are in a great need of objective and practical construction cost management for on-budget construction and procurement of quality goods. This paper analyzes the design diagram for a newly built school with an order from the Daejeon Metropolitan Office of Education, and compares the analysis with those of other kinds of buildings. The results are: the total construction cost of one school unit is 8,017,596,000 won on average; the cost is in the order of building, machinery and equipment, electricity, communications and civil engineering; as to activity, RC construction takes account of $30.3\%$ of the total construction cost. 1'he cost of school construction per M2 is 838,000 won, which is 6th highest of 11 kinds of constructions and slightly lower than 950,000 won, the average price of comparative constructions. When it comes to the percentage, school building takes mote percentage of the total cost than comparative building while machinery and equipment, electricity and communications takes slightly less percentage. Through simple regression analysis of gross coverage, this paper suggests a model formula with which the total construction cost, construction cost in accordance with activity, how much main construction materials are to be used are predictable.

• Plant Journal
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• v.10 no.1
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• pp.47-53
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• 2014

The national capacity of electricity of Korea was 81,737 MW and the peak demand was renewed by the record of 71,230 MW in 2012 which has been increasing since the first lighting ceremony had taken place in the Royal Palace(Kyung-Bok Goong) in 1887. Aa the counteract on the rapid increasing of the demand, Korean government is constructing and operating the high capacity nuclear and thermal power plants, however, the operating reserve on weekdays is small while those of weekends are more than 40% of capacity, so they are providing the pumped-storage power plants with the surplus electricity during weekends and operating the power plants which cost higher production price and located in the capital area with WSS (Weekly Start and Stop) mode including the Seoul Thermal Power Plant. Since the Seoul Thermal Power Plant is spending huge amount of expenses for more than 30 times of the WSS annually due to the high production cost even though it is in Seoul, the core of the demand, I chose the power plant unit #5 which was on the grid in 1969 for the case to confirm reducing 23% of the warm start-up time by applying the "Start-up time management program", and that reducing 35% of the water temperature increasing time by accelerate the increasing rate of the inlet temperature of the water circulating pump.