• Korean System Dynamics Review
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• v.8 no.2
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• pp.5-23
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• 2007

According to the system dynamics model of this study, if there is a significant network effect on vehicle operating costs, it is difficult to achieve the shift to AFV even in the long term without a policy intervention because the car market is locked in to the current structure. Network effect can be caused by an increasing return to scale in fuel supply sector as well as in maintenance service sector. It is also related to the fact that the reliability and awareness of consumers on new products increases with the growth of the market share of the new products. There are several possible policy options to break the 'locked in' structure of car market, such as subsidy on vehicle price (capital cost), subsidy on fuel (operating cost) and niche management policy. Combined policy options would be more effective than relying on a single policy option to increase the market share of AFV.

• Journal of the Korean Society of Marine Environment & Safety
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• v.26 no.3
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• pp.262-268
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• 2020

The IMO (International Maritime Organization) has mandated the restriction of SOx emissions to 0.5 % for all international sailing vessels since January 2020. And, a number of countries have designated emission control areas for stricter environmental regulations. Three representative methods have been suggested to cope with these regulations; using low-sulphur oil, installing a scrubber, or using LNG (Liquefied Natural Gas) as fuel. In this paper, economic analysis was performed by comparing the method of installing a scrubber with the method of using low-sulphur oil without installing additional equipment. We suggested plausible layouts and compared the pros and cons of dif erent scrubber types for retrofitting. We selected an international sailing ship as the target vessel and estimated payback time and benefits based on navigation route, fuel consumption, and installation and operation costs. Two case of oil prices were analyzed considering the uncertainty of fuel oil price fluctuation. We found that the expected payback time of investment varies from 1 year to 3.5 years depending on the operation ratio of emission control areas and the fuel oil price change.

• Proceedings of the KSME Conference
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• 2001.06d
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• pp.689-696
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• 2001

Exergetic and thermoeconomic analysis were performed for a 200kW Phosphoric Acid Fuel Cell(PAFC) plant which offers many advantage for cogeneration in the aspect of high electrical efficiency and low emission. This analytical study was based on the data obtained by in-field measurement of PC25 fuel cell plant to find whether this system is viable economically. For 100% load condition, the electrical efficiency and the unit cost of electricity are about 45% and 0.032 $/kWh respectively, which turn out to be much better than those for the 1000kW gas turbine cogeneration plant. Further, at lower loads, the unit costs of electricity and hot water increase slightly and consequently more economic operation is possible at any loads.

• Journal of ILASS-Korea
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• v.19 no.1
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• pp.40-46
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• 2014

Recently rise in oil prices feet the burden on not only diesel vehicle driver but also LPG vehicle driver, and get interested in various way to reduce fuel costs. In this study discuss on exhaust emissions characteristics on driving cycle mode and ignition advance condition change of CNG/LPLI Bi-Fuel vehicle. Experimental test was performed by changing the conditions of fuel (LPG/CNG), spark advance (Base, $10^{\circ}CA$, $15^{\circ}CA$), and driving mode (FTP-75, HWFET, and NEDC). In case of CO emission, in the order of CNG Base, CNG S/A10, S/A15 condition are average reduced -21%, -35%, -29% respectively compared to LPG fuel. The active emission reduction from the initial engine start, spark retard is likely to be beneficial in catalyst warm-up and improve combustion stability rather than spark advance.

• Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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• v.20 no.3
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• pp.365-369
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• 2022

Operating and decommissioning nuclear power plants generates radioactive waste. This radioactive waste can be categorized into several different levels, for example, low, intermediate, and high, according to the regulations. Currently, low and intermediate-level waste are stored in conventional 200-liter drums to be disposed. However, in Korea, the disposal of intermediate-level radioactive waste is virtually impossible as there are no available facilities. Furthermore, large-sized intermediate-level radioactive waste, such as reactor internals from decommissioning, need to be segmented into smaller sizes so they can be adequately stored in the conventional drums. This segmentation process requires additional costs and also produces secondary waste. Therefore, this paper suggests repurposing the no-longer-used spent nuclear fuel casks. The casks are larger in size than the conventional drums, thus requiring less segmentation of waste. Furthermore, the safety requirements of the spent nuclear fuel casks are severer than those of the drums. Hence, repurposed spent nuclear fuel casks could better address potential risks such as dropping, submerging, or a fire. In addition, the spent nuclear fuel casks need to be disposed in compliance with the regulations for low level radioactive waste. This cost may be avoided by repurposing the casks.

• Journal of the Korean Society of Marine Environment & Safety
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• v.18 no.6
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• pp.584-590
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• 2012

In this study, we have conducted a work on homogenizer development which is operated by high shearing force generated by stator and rotor inside it. To investigate the performance for homogenization and atomization of homogenizer, Bunker-C (IFO 380 cSt) was used as a fuel for experiment. Pre-treatment of bunker-C was carried out with homogenizer developed in this study. Oil purifier was used to investigate effect of oil sludge reduction after pre-treatment. Experimental result showed that the amount of sludge of fuel oil after pre-treatment with homogenizer has decreased by 13 %. To confirm combustion efficiency, Bunker-C which have pre-treatment with homogenizer and purified after are burned in boiler system. The result showed that CO concentration in exhaust gas was decreased. These results mean that if the homogenizer which is developed in this study for marine fuel oil is applied on real vessels, oil costs and operating costs can be reduced.

• Journal of Radiation Protection and Research
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• v.33 no.2
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• pp.67-76
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• 2008

As the first comprehensive attempt at a national implementation, this study aims at assessing the external costs of major electricity generation technologies in Korea, particularly an evaluation of the impacts on human health resulting from exposures to atmospheric radiological emissions from nuclear power plants, and a monetary quantification of their damages. The methodology used for the assessment of the externalities of the selected fuel cycles has been developed by the International Atomic Energy Agency (IAEA), namely the SimPacts Model Package. The model is internationally recognized as a tool which can be applied to a wide range of fuels, different technologies and locations, for an externalities study. In this study, the relevant emissions are quantified first and then their impacts on human health are evaluated and compared. The study focused on all the nuclear power plants for the last 6 years ($2001{\sim}2006$) in Korea. With respect to nuclear power, the impact analysis only focuses on a power generation, however the front- and back-end nuclear fuel cycles are not included, namely uranium mining, conversion, enrichment, reprocessing, conditioning, etc., because these facilities are not present in Korea. The analysis results show that nuclear power in general, generates low external costs. The highest damage costs from the nuclear power plants among the 4 sites in Korea were estimated to be 3.9 mills/MWh, which is about 1/20th of the result for a similar case study conducted in the U.K., implemented through the ExternE project. This difference is largely due to the number of radionuclides included in the study and the amount of released radioactive emissions based on up-to-date information in Korea. In this study, the sensitivities of the major factors for nuclear power plants were also calculated. The analysis indicates that there was around a ${\pm}3%$ damage costs variation to a ${\pm}15%$ change of the reference population density and a ${\pm}1%$ damage cost variation to a $1{\sim}30$ meters change of the effective release height, respectively. These sensitive calculations show that there is only a minor difference when the reference costs are compared.

• Journal of Distribution Science
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• v.10 no.5
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• pp.19-28
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• 2012

The study examines the performance and its relationship with capital structure and agency cost with respect to the industrial configurations and economic groups of Pakistan Economy. The study employs data set of 334 listed joint stock companies from the nonfinancial sectors for the period of 1999-2009 from cotton and textile, engineering, chemical, sugar, cement, fuel and energy, paper and board, transport and communication, and miscellaneous economic groups. Pooled data from the Panel data methodology has been applied to observe the significance of different performance measures through determinant of capital structure and agency costs with special focus on the leverage and cash flows as the direct determinant and interactive variables. The empirical test results using redundant variable tests demonstrate support for agency theory in the context of Pakistan's industrial configurations. The implications of the study point towards more investigations on the subject using industrial configurations as control and moderating variables.

• Journal of the Korea Society for Simulation
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• v.13 no.2
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• pp.35-43
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• 2004

The purpose of this study is an economic analysis of power plant utilities by comparing electricity generating cost including environmental costs. Considering the enormous role of electricity in the national economy, it is very important to study the effect of environmental regulation on the electricity sector. Because power utilities need for large investment during construction, operation and maintenance, and also require much construction lead time. Economic analysis is the important process in the electric system expansion planning. This paper compares the costs of electricity generation including environmental costs between a coal-fired power plant and an LNG combined cycle power plants. With the simulation, this study surveys the sensitivity of fuel prices, interest rate and carbon tax. In each case, this sensitivity can help to decide which utility is economically better in environmental regulation circumstance.

• Proceedings of the KIEE Conference
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• 2008.04c
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• pp.239-241
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• 2008

A powered system with fuel cell is regarded as a high current and low voltage source. Effects of the loads on the electrical power source are important to optimize the integrated power system. The design parameters of the system should be chosen by taking into account the characteristics of the fuel cell, so the costs of the power system at given operating conditions can be reduced. Furthermore, the dynamics characteristic of the system is crucial to acquire performance in applications, particularly interactions between loads and the fuel cell system. Currently, no integrated simulation has been approached to analyze interrelated effects. Therefore, the dynamic models of power conversion system with a PEM fuel cell that includes the PEM fuel cell stack, DC/DC converter and associated controls is developed. Electric lads for the system are derived by using a power theory that separates a load current into active, reactive, distortion or a mixed current component. Dependency of the DC capacitor on the loads are analyzed.