• Title/Summary/Keyword: operating cost

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Cost-Benefit Analysis of the Farmer's Health Center Project (FHCP) in Rural Korea (농업인건강관리실 사업의 비용편익 분석)

  • Hwang, Dae-Yong;Kang, Kyeong-Ha;Lee, Soon-Sung;Ko, Jeong-Sook;Oh, Seung-Young
    • Journal of Agricultural Extension & Community Development
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    • v.13 no.2
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    • pp.313-327
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    • 2006
  • This study aims to examine the operating status of the Farmer's Health Center Project and the validity of its business using the benefit-cost analysis. As the pilot project of the Rural Development Adminstration from 1996, a total of 884 Farmer's Health Centers were established until 2004. Internal information of the RDA management unit was used for the analysis. A questionnaire with an interview was also performed with 70 over 468 Centers that had been established from 2001 to 2004. Results were as follows. 1) The Center was mainly used by elderly over 60 years, which took 71.4%. Winter was the most popular season for visiting. 2) Approximately 71% of the manager of the Center pointed out the deficiency of fuel cost as the most difficulty in operating the Center. 3) Users were moderately satisfied with facility and the effect of its use, which took 3.5 point over 5 scale. 4) For the cost-benefit analysis on the Centers, both 5% of social discount rate and 15 years of use term were assumed. Subsequently, the Net Present Value was 3,134 million won, which certified the validity of the business.

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An Empirical Study on Contract Model for IT Outsourcing Application Operation (IT 아웃소싱 어플리케이션 운영 계약모델에 대한 실증적 연구)

  • Kim, Heungshik;Park, Soah
    • Journal of Information Technology Services
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    • v.16 no.2
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    • pp.45-60
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    • 2017
  • The study suggests a contract model of application operation through case study of A bank's IT outsourcing application contract based on workload. The IT outsourcing order form has a problem in that the scope of work is ambiguous due to the integration of operation and maintenance. In this study, application operation and maintenance were separated by referring to application operation history provided in ISO/IEC15504-5 standard. The scope of the IT outsourcing service was clarified by organizing the definition and detail activities of the application operation business. Application operation contract method has generally applied estimation method by the number of input manpower and period by agreement between buyer and client. As there is no activity to calculate the number of input manpower based on the operational work history and based on the standard workload per activity. In this case is not guaranteed due to the simple agreement between the contractors. In this paper, we propose an application operating cost estimation model that measures the size of the operating software using function point analysis that is the basis of application operation tasks. In order to verify the validity of the application operation cost model, we verified the correlation between the application size and the labor cost through regression analysis using SPSS.

An Economic Dispatch Algorithm as Combinatorial Optimization Problems

  • Min, Kyung-Il;Lee, Su-Won;Moon, Young-Hyun
    • International Journal of Control, Automation, and Systems
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    • v.6 no.4
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    • pp.468-476
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    • 2008
  • This paper presents a novel approach to economic dispatch (ED) with nonconvex fuel cost function as combinatorial optimization problems (COP) while most of the conventional researches have been developed as function optimization problems (FOP). One nonconvex fuel cost function can be divided into several convex fuel cost functions, and each convex function can be regarded as a generation type (G-type). In that case, ED with nonconvex fuel cost function can be considered as COP finding the best case among all feasible combinations of G-types. In this paper, a genetic algorithm is applied to solve the COP, and the $\lambda$-P table method is used to calculate ED for the fitness function of GA. The $\lambda$-P table method is reviewed briefly and the GA procedure for COP is explained in detail. This paper deals with three kinds of ED problems, namely ED considering valve-point effects (EDVP), ED with multiple fuel units (EDMF), and ED with prohibited operating zones (EDPOZ). The proposed method is tested for all three ED problems, and the test results show an improvement in solution cost compared to the results obtained from conventional algorithms.

Economic Analysis on PV/Diesel Power System for Remote Islands' Electrification (도서용 태양광/내연기관 발전시스템 경제성 비교 분석)

  • Lee, M.G.;Jeong, M.W.;Jin, Y.T.
    • Solar Energy
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    • v.18 no.3
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    • pp.147-151
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    • 1998
  • Several PV-diesel hybrid systems were built in isolated islands in Korea, where they are far from the inland to be supplied the electric power to a utility level from it. A lot of efforts has been concentrated to find a cost-effective electric supply system with higher reliability and minimum maintenance when compared with a diesel generator. For this purpose, an autonomous PV-diesel hybrid system with multi-channel remote monitoring system was investigated to supply electric power under minimum operating cost and maintenance in a small isolated island. In this report, the economic analysis was performed for comparison with photovoltaic system and diesel generator by computer simulation. And it was proven that a PV system is more cost-effective than an internal combustion engine for the remote island with less than 150 households. Especially, in the case of islands with less than 50 households, the initial construction cost of the PV system is comparable to and its operating cost is about 70% less than the diesel generator.

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Economic analysis of jeju offshore pilot run wind farm by sensitivity analysis (민감도 분석을 적용한 제주 연안 풍력단지 설계의 경제성 분석)

  • Lee, K.H.;Park, J.H.;Jin, J.W.;Kwon, K.R.;Choi, K.H.
    • Journal of Power System Engineering
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    • v.16 no.5
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    • pp.13-19
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    • 2012
  • In this paper, the offshore wind farms have been designed by using WindPRO with the help of real wind data measurements at Jeju Costal area by calculating the annual energy production for exact economic evaluation. In order to achieve benefit of wind farm, the annual revenue for power generation have been calculated with SMP and REC value. And construction cost has derived from the real wind farm project case. Also O&M cost has been estimated by OMCE (Operating & Maintenance Cost Estimator) to get accurate cost of wind farm. Economic evaluation of wind farms have been performed by comparing above parameters. In addition, sensitivity analysis calculating the effect of these factors has also been carried out.

Comparison of operational efficiency between sand-filtration process and membrane filtration process (모래여과 공정과 막여과 공정의 운영효율 비교)

  • Byeon, Kwangjin;Jang, Eunsu
    • Journal of Korean Society of Water and Wastewater
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    • v.31 no.6
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    • pp.529-537
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    • 2017
  • Membrane filtration process is an advanced water treatment technology that has excellently removes turbidity and microorganisms. However, it is known that it has problems such as low economic efficiency and the operating stability. Therefore, this study was to evaluate on the economical feasibility and operational stability comparison of membrane and sand filtration process in Im-sil drinking water treatment plant. For the economic analysis of each process, the electricity cost and chemical consumption were compared. In the case of electric power consumption, electricity cost is $68.67KRW/m^3$ for sand filtration and $79.98KRW/m^3$ for membrane filtration, respectively. Therefore, membrane filtration process was about 16% higher than sand filtration process of electricity cost. While, the coagulant usage in the membrane filtration process was 43% lower than the sand filtration process. Thus, comparing the operation costs of the two processes, there is no significant difference in the operating cost of the membrane filtration process and the sand filtration process as $85.94KRW/m^3$ and $79.71KRW/m^3$ respectively (the sum of electricity and chemical cost). As a result of operating the membrane filtration process for 3 years including the winter season and the high turbidity period, the filtrated water turbidity was stable to less than 0.025 NTU irrespective of changes in the turbidity of raw water. And the CIP(Clean In Place) cycle turned out to be more than 1 year. Based on the results of this study, the membrane filtration process showed high performance of water quality, and it was also determined to have the economics and operation stability.

ASSESSMENT OF THE COST OF UNDERGROUND FACILITIES OF A HIGH-LEVEL WASTE REPOSITORY IN KOREA

  • Kim, Sung-Ki;Choi, Jong-Won
    • Nuclear Engineering and Technology
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    • v.38 no.6
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    • pp.561-574
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    • 2006
  • This study presents the results of an economic analysis for a comparison of the single layer and double layer alternatives with respect to a HLW-repository. According to a cost analysis undertaken in the Korean case, the single layer option was the most economical alternative. The disposal unit cost was estimated to be 222 EUR/kgU. In order to estimate such a disposal cost, an estimation process was sought after the cost objects, cost drivers and economic indicators were taken into consideration. The disposal cost of spent fuel differs greatly from general product costs in the cost structure. Product costs consist of direct material costs and direct labor and manufacturing overhead costs, whereas the disposal cost is comprised of construction costs, operating costs and closure costs. In addition, the closure cost is required after a certain period of time elapses following the building of a repository.

Techno-economic Analysis of Power to Gas (P2G) Process for the Development of Optimum Business Model: Part 1 Methane Production

  • Roy, Partho Sarothi;Yoo, Young Don;Kim, Suhyun;Park, Chan Seung
    • Clean Technology
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    • v.28 no.2
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    • pp.182-192
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    • 2022
  • This study provides an overview of the production costs of methane and hydrogen via water electrolysis-based hydrogen production followed by a methanation based methane production technology utilizing CO2 from external sources. The study shows a comparative way for economic optimization of green methane generation using excess free electricity from renewable sources. The study initially developed the overall process on the Aspen Plus simulation tool. Aspen Plus estimated the capital expenditure for most of the equipment except for the methanation reactor and electrolyzer. The capital expenditure, the operating expenditure and the feed cost were used in a discounted cash flow based economic model for the methane production cost estimation. The study compared different reactor configurations as well. The same model was also used for a hydrogen production cost estimation. The optimized economic model estimated a methane production cost of $11.22/mcf when the plant is operating for 4000 hr/year and electricity is available for zero cost. Furthermore, a hydrogen production cost of $2.45/GJ was obtained. A sensitivity analysis was performed for the methane production cost as the electrolyzer cost varies across different electrolyzer types. A sensitivity study was also performed for the changing electricity cost, the number of operation hours per year and the plant capacity. The estimated levelized cost of methane (LCOM) in this study was less than or comparable with the existing studies available in the literature.

Construction of Highly Integrated PC Cluster based on Windows XP (높은 집적도를 가지는 Windows XP PC 클러스터 구축)

  • Lee S.-K.;Shin J.-R.;Choi J.-Y.
    • 한국전산유체공학회:학술대회논문집
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    • 2005.04a
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    • pp.41-46
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    • 2005
  • A new PC cluster was designed and constructed based on Windows XP Operating system. Primary target of the present design was the high node density per rack by using the general PC parts those are cost-effective and readily available in the market. Other major design points were system cooling and the convenient maintenance using standard PC parts. Presently 24 nodes per rack seems to be optimum considering the specification of the network switching device, system cooling and power supply, but 40 nodes can be accommodated within a single rack at maximum. Windows XP was selected as a high-performance computing environment considering the cost and the convenience in acquisition, maintenance and education. Both fast-Ethernet and Gigabit Ethernet network connection were tested and compared with previous data, especially for Linux doter using Myrinet. The result shows that there is no significant difference between the operating systems and the Fast-Ethernet and/or Gigabit Ethernet are good solution for the high-performance PC cluster considering the cost and performance.

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The study for two phase SRM with self starting capability (자기동이 가능한 2상 SRM에 관한 연구)

  • Oh, Seok-Gyu
    • Proceedings of the KIPE Conference
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    • 2007.07a
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    • pp.226-228
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    • 2007
  • SRM drive systems are designed to meet operating standards such as low cost, constant torque independent of rotor position, a desired operating speed range, high efficiency, and high performance. In applications using small motors, low cost and high performance with self-starting capabilities are highly desired. This paper discusses a novel two phase SRM (TPSRM) that has high performance characteristics with self-starting capability, low manufacturing cost with a two phase inverter and simple magnetic structure, and high efficiency. The principle of operation, analysis, and simulation for design are presented. The machine design is verified using finite element analysis (FEA) software. Analysis and simulation results are given to validate the TPSRM design.

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