• Title/Summary/Keyword: initial investment

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Benefit Analysis and Profit Business of Fishery Sector about Tidal Power Plant in Garolim Bay (가로림만 조력발전 사업관련 수산부문 수익사업 도출과 편익 분석)

  • Lee, Kwang-Nam;Jung, Jin-Ho
    • Journal of Fisheries and Marine Sciences Education
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    • v.27 no.1
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    • pp.218-229
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    • 2015
  • While promoting a variety of projects by using sea space, there has been a lot of social controversy among the stakeholders based on the results of the analysis. In particular, the benefits of fisheries sector were over-estimated and occurred a lot of opposition from fishermen and environment groups. In order to this solve, we have been studied focussed such as excavation of new projects, the method and result of the estimated benefits for fisheries sector. With regard to the tidal power plant of Garolim, we came up with five kinds of problems such as doing not reflect of the cost of the initial investment, over unit production, over unit price, excessive selection of breed, issues of cost of production in benefits study of fisheries sector derived previously. In order to these problems, we have derived new profitable projects based on the initial materials such as improvement of raising breed, discharge project of fingerlings and a small sea ranch project. As a result, previous study was analyzed in 30.2 billion won(1993), 54.8billion won(2009), but this study was estimated to 26.4 billion won and differences of benefits amount were occurred. In a previous study was calculated benefits by simple method, but this study came up with new projects for fisheries sector and because we estimated benefits considering new project. The method for benefits calculations for fisheries sector was not attempted in previous studies and in this study, we approached for the first time Also, in this study suggested new method to increase incomes fishermen such as development of suitable ranch breeding for the marine environment, ranch license(limited license), development of fisheries resources and the operation of fisheries facility. In the future, we hope to be helpful for the same field of study.

Isolation and Characterization of a Strain for Economical Ethanol Production (경제적 에탄올 생산을 위한 균주분리 및 특성)

  • Han, Hyo-Jung;Kim, Seong-Jun
    • KSBB Journal
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    • v.21 no.4
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    • pp.267-272
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    • 2006
  • Five strains producing ethanol were isolated from soil near traditional alcohol production factory in Gwangju, Korea. One of the isolated strains maintained relatively stable ethanol production in shaking culture. The isolated strain KJ was proved to be Saccharomyces italicus, based on several biochemical and morphological tests containing assimilation of carbon compounds. In investment of the most suitable carbon for ethanol production, ethanol concentration of 5.46 g/L and yield of 0.53 g-ethanol/g-glucose were obtained in condition of glucose 10 g/L in YM medium. Experimental optimal conditions for ethanol fermentation by S. italicus KJ were as follows; temperature $30^{\circ}C$, initial pH 5.0, initial concentration 10% of glucose, anaerobic condition in the liquid cultivation. When enzymatically saccharified food wastes(SFW) were used as the production medium, ethanol production yield was 0.57 g-ethanol/g-reducing sugar. Therefore, SFW will contribute to lower the production cost of ethanol for industrial application.

Development of Equations for Static Design Loads of Sphere Type LNG Tank with Cylindrical Extension (원통 확장부를 갖는 구형 LNG 탱크의 정적 설계하중 산출식 개발)

  • Shin, Sang-Hoon;Ko, Dae-Eun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.8
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    • pp.5060-5066
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    • 2015
  • The number of shop needed for the fabrication of sphere type LNG tank is proportional to that of the tank radius to be constructed. Due to limitation of facility investment including building sites, it is practically difficult to fabricate various size tanks of perfectly spherical shape in the yards. The efficient method to increase cargo tank capacity is to extend vertically the conventional sphere type LNG tank by inserting a cylindrical shell structure. In this study, equations for static design loads are developed for sphere type LNG tank with central extension. The results of this study will be combined with dynamic design loads to build the simplified analysis method which enable the precise initial estimate instead of time consuming finite element analysis.

A Case Study of maintenance cost estimation for military official residence building in BTL project (BTL사업 군관사 건축물의 유지관리비용 산정에 관한 연구)

  • Kwon, Bum-Joon;Kim, Hyun-Kyu;Kim, Yong-Su
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.851-854
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    • 2008
  • The purpose of this study is to predict the maintenance cost for military official residence building projects which were ordered for five military official residence building. In conducting this study, the adapted research method was to classify initial investment for each construction of the military official residence building and to estimate maintenance cost. This study was analyzed by studying the estimation of maintenance cost in the apartments and present value analysis method. The results of this research are as follows. 1) The initial investments was analyzed that the total construction cost would be 1,683,286 thousand won ; construction(79%), civil(3%), landscaping(2%), MEP(5%), heating and hot water supply system(5%), and water supply and sanitary system(6%) per square meter. 2) Based on the result analyzed above, the maintenance cost of the apartments was analyzed and then estimated the proper maintenance cost by using maintenance cost estimation method and present a value analysis method.

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An Analysis of the Uncertainty Factors for the Life Cycle Cost of Light Railroad Transit (경량전철 교량 LCC분석을 위한 불확실성 인자 분석)

  • Won, Seo-Kyung;Lee, Du-Heon;Kim, Kyoon-Tai;Kim, Hyun-Bae;Jun, Jin-Taek;Han, Choong-Hee
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.396-400
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    • 2007
  • Various ways of automated guideway transit construction are being planned recently owing to the policies of the national government and local municipalities as well as increasing investment from the private sector. Particularly, the increase in the private investment is increasing greatly in SOC (Social Overhead Cost). This trend of promoting private sector investment must be conducted on the basis of a thorough analysis of the economic feasibility of the project from the government and construction companies in the private sector. In other words, an accurate cost analysis of initial investment cost (Construction cost), maintenance/repair cost, profit making through the operation of the concerned facilities, cost of dissolution, etc. in terms of the life cycle is very much in need. Nevertheless, the analysis of uncertainty factors and its probabilistic theory are in need of development so that they can be used in the analysis of the economic feasibility of a construction project. First of all, the actual studies on maintenance/repair cost of automated guideway transit are scarce as of yet, prohibiting an accurate computation of the cost and its economic analysis. Accordingly, this study focused on the uncertainty analysis of the economic feasibility for civil engineering structures among automated guideway transit construction projects based on the rapidly increasing investment on such structures from the private sector. For this research purpose, a cost classification system for the automated guideway transit is proposed, first of all, and the data On the cost cycle of the civil structure facilities and their unit cost are collected and analyzed. Then, the uncertainty in the cost is analyzed from the perspective of LCC. In consideration of the current status with almost no. studies on maintenance/repair of such facilities, it is expected that the cost classification system and the uncertainty analysis technique proposed in this study will greatly enhance LCC analysis and economic feasibility studies for automated guideway transit projects in the future.

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Design and Implementation of Smart Library System for Multi-tenant Environment Using Software on-demand (소프트웨어 온-디멘드 방식의 멀티테넌트 환경을 지원하는 스마트 도서관시스템 설계 및 구현)

  • Min, Byung-won
    • Journal of Convergence Society for SMB
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    • v.6 no.4
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    • pp.131-136
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    • 2016
  • By providing Asp or Client/Server method, most library system service proposal has a problem that is hard to manage and high cost across the software like high cost of hardware and software license, installation and distribution, purchasing cost, upgrade, customization, problem management etc. As proposed in order to solve this problem, smart library system that supporting multi-tenant environment realized on-demand mode that is a simple and little initial investment costs and possible for low cost IT service.

A Study on Economic Analysis and Performance Appraisal of Compact Type Variable Air Volume (컴팩트형 VAV 공조기의 성능평가와 경제성 분석에 관한 연구)

  • Kim, Dong-Cheol;Chung, Kwang-Seop;Kim, Young Il
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.27 no.1
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    • pp.44-49
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    • 2015
  • Ceiling cooling and heating system that consider load arrangement and space in the ceiling needs to be developed. Therefore, experimental and economic changes were done to verify the performance of compact type VAV. The test results were as follow. 1) Noise test result, measuring approximately 50.4 dB~56.6 dB (before ceiling in landfill), had a better ceiling deadline than the current measure, about a 10 dB noise reduction, so that the office baseline (40~50 dB) noise was judged to be less than test. 2) For the static pressure test result, taking out an outside hydrostatic 25 mmAq, 24.8 mmAq was measured, respectively, at the point. 3) For the life-cycle cost analysis result, the initial investment cost, maintenance replacement costs, and maintenance costs increased 0.2%, but the energy savings ratio was 19.5% while the whole life cycle savings of 40 years LCC was reduced 11.9%.

A System Dynamics Approach to Analyze the Effect of a Fostering Policy on the Coastal Shipping Industry

  • Park, Sung-Jin;Pa, Hoo-Seok;Shin, Yong-John
    • Journal of Navigation and Port Research
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    • v.40 no.5
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    • pp.345-351
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    • 2016
  • This study presents a system dynamics methodology to evaluate quantitatively the effect of the Korean government's development policy, such as tax reductions, on the industrial economy. System dynamics is often perceived as an optimized means to identify the dynamic inter-relationships among various factors of development policies, and in particular the industrial characteristics and uncertainties of the coastal shipping industry. The results of simulations used in this study shows that the impact of development policies such as tax reductions would increase shipping demand for about 4 years, and that tax incentives could raise the demand volume for cabotage cargo from 5.26 to 11.11%, through the available freight-down by 90~95% points. The system dynamics approach used in this paper represents an initial attempt to use this methodology in studies of the coastal shipping industry. On the basis of our simulations, the industrial effects of other development policies, such as ship financing support, investment of social overhead, or crew supply, could also be analyzed effectively. Additionally, it should be possible to extend these results by developing a comprehensive model encompassing these various analyses.

A Study on Complementary Issues for the Improvement of Trade Goods Management Systems between South and North Korea (남북간 교역물자 관리시스템의 개선과제에 관한 연구 -개성공단을 중심으로-)

  • Shim, Chong-Seok;Chung, Hee-Won
    • International Commerce and Information Review
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    • v.12 no.2
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    • pp.267-290
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    • 2010
  • The Kaes$\breve{o}$ng Industrial Park(KIP) is being developed in the region, as a collaborative economic development with South Korea. KIP construction started in June 2003, and in August 2003 North and South Korea ratified four tax and accountancy agreements to support investment. Pilot phase construction was completed in june 2004, and the KIP opened in December 2004. In the KIP's initial phase, 15 South Korean companies constructed manufacturing facilities. Three of the companies had started operations by march 2005. First phase plans envisaged participation by 250 South Korean companies from 2006, employing 100,000 people by 2007. Based on the 2009, 117 factories were employing approximately 41,000 north' workers and 1,000 south' staff. The industrial park is seen as a way for South Korean companies to employ cheap labour that is educated, skilled and speaks Korean which would make communication considerably easier. However the zone still faces a number of obstacles. In the view point of these obstacles, especially this study focused on the complementary issues for the improvement of trade goods management systems between South and North Korea. At the result of this study, it is suggested that, i) to establish portal system based on single window, ii) strengthen user-interface hands of logistic facilities, iii) stable foundations of trade and/or logistic management systems, iv) networking of IT infrastructure with South and North Korea, and so on.

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Design of Pile-Guide Mooring System for Offshore LNG Bunkering Terminal: A Case Study for Singapore Port (해상 LNG 벙커링 터미널용 파일 가이드 계류 시스템 설계: 싱가포르 항의 사례 연구)

  • Lee, Seong-yeob;Chang, Daejun
    • Journal of Ocean Engineering and Technology
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    • v.31 no.6
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    • pp.379-387
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    • 2017
  • In this study, a pile-guide mooring system (PGMS) was designed for an offshore liquefied natural gas bunkering terminal (LNG-BT), which is an essential infrastructure for large LNG-fuelled ships. The PGMS consisted of guide piles to restrict five motions of the floater, except for heave, as well as a seabed truss structure to support the guide piles and foundation piles to fix the system to the seabed. Singapore port was considered for a case study because it is a highly probable ports for LNG bunkering projects. The wave height, current speed, and wind speed in Singapore port were investigated to calculate the environmental loads acting on the hull and PGMS. A load and resistance factor approach was used for the structural design, and a finite element analysis was performed for design verification. The steel usage of the PGMS was analyzed and compared with the material usage of a gravity-based structure under similar LNG capacity and water depth criteria. This paper also describes the water depth limit and wave conditions of the PGMS based on estimation of the initial investment and the present value profit difference. It suggests a suitable LNG-BT support system for various design conditions.